“We’re one of the best stores in our market!”: Sears Kmart Death Spiral, November 2017

Video of Black Friday brawl over a shopping cart in a Kmart, proof American shoppers are insane:

https://youtu.be/yrwcnJrOkt0

CentreDailyTimes: Nittany Mall Sears store will not honor Black Friday discounts.

CTV News: Sears Canada liquidation sale pricing under investigation

CBCNews: Sears shutdown in Thompson will force people to travel 800km (497 miles) to buy home appliances.

ChicagoTribune: State drags-on review of $15-million USD tax break for Sears Holdings

The Ledger Gazette: California state employee retirement fund dumps 84-thousand shares of Sears Holdings!

CNBC: Sears/Kmart puts the whole store on sale, everything up to 50% off!

Sears Holdings lost just under $600-million USD for its third quarter.  Sales at Sears stores down 17%, down 13% at Kmarts.  Eddie Lampert forced to admit (yet again) that shutting down stores is actually causing sales to crash! 

After reporting yet another quarter of crashed sales, Sears Holdings was given the go-ahead to sell-off an additional 140 properties in order to provide cash to the failing Sears-Kmart retired employee’s fund!  Remember, properties sold-off are not counted in the official Sears Holdings shutdown announcements.

A third round of mass Sears-Kmart shutdowns (45 Kmart, 18 Sears) announced, to take place by January 2018.  News reports say at one time there were more than 5-thousand-6-hundred full-sized Sears-Kmart stores, but after this latest round of shutdowns they’ll be down to about 1-thousand-2-hundred.  Sears Holdings officials continue to ignorantly tell local news media that affected employees can apply for a job at other Sears-Kmart stores!

Alabama: 35 years old Albertville Kmart, local news media reported it is the last Kmart in the entire state.  Tuscaloosa Sears, leaving only two full-sized Sears stores in the state.

Arizona: Casa Grande Kmart.  Mesa Sears store and Auto Center at Fiesta Mall.

Arkansas: Sears operations in Fayetteville and Fort Smith.

California:  The abandoned Kmart in Manteca has become a an impromptu homeless shelter, and unsympathetic taxpaying residents are pissed! The owner of a local hardware store says his female employees have been harassed by the drug using bums.

Colorado: Greeley Sears.

Connecticut: Employees of the Sears Appliance & Hardware in Shelton told customers the store was being shutdown right after Xmas.  Local news media confirmed when a hand written sign appeared at the entrance of the store a week later, but no comment from store management.

Florida: Kmarts in Clearwater, Milton and Sebring.  Local taxpayers in Titusville getting stuck with the redevelopment bill for a vacant Kmart. The property has been vacant since 2009, a property developer told the North Brevard Economic Development Zone that the only way it would take on the job of redeveloping the vacant Kmart was if it got ten years worth of tax breaks!

Georgia: Kmarts in Dalton, Macon and Tifton.  Sears operations in Lithonia and Valdosta (ending 76 years of Sears ops in Valdosta).

Idaho: The Ammon Kmart. 

Illinois: Effingham Kmart.  The Pekin Sears Hometown Store shutting down before Xmas. 

Kentucky: Kmarts in Henderson, Glasgow, Versailles and Frankfort.

Maryland: The Baltimore-Dundalk Sears at Eastpoint Mall.

Massachusetts: Sears in Lanesboro-Pittsfield’s Berkshire Mall (local news reports say the mall has massive vacancies even before the Sears is supposed to shutdown, the value of the mall has dropped by $41-million USD since 2006) .

Michigan: Kmarts in Battle Creek, Clinton and Mount Pleasant.

 Minnesota: Thief River Falls Kmart.

Missouri: Kmarts in Independence, Popular Bluff, Sedalia and Saint Louis.

Montana: In Great Falls, a Sears Hometown Store employee facing sentencing for stealing more than $3-thousand-7-hundred USD through fake merchandise returns, police say she confessed.  But here’s the kicker, she was fired before she was arrested because her employee background check finally came through, which showed she lied about her lengthy criminal record.

New Jersey: Phillipsburg Sears.

New York: The owner of Viaport Rotterdam Square Mall suing Sears for $500-thousand USD in back due rent! 

North Carolina: Jacksonville Kmart.

Ohio: Kmarts in Austintown, Cleveland (69 jobs gone), Hillsboro, Oregon and Saint Marys.  Commercial property dealers are sounding a warning about the growing number of vacant retail space in Ohio: “That’ll take years for the market to absorb.”-Pete Shawaker, Reichle Klein Group

Oregon: A now former Kmart manager was arrested and accused of using underaged employees to provide ‘intimate’ pics of girls, as well as use a Kmart company credit card to set up meetings at hotels.

Pennsylvania: Kmarts in Clarion, Coraopolis-Moon, Moosic and Shamokin Dam.   Sears ops in Indiana, Muncy-Pennsdale and State College.

South Dakota: Aberdeen Kmart.

Tennessee: Kmarts in Cookeville (by mid-February 2018), Nashville and  Tullahoma.

Texas: The last Kmart in El Paso, on Sunland Park Drive, shutting down in January 2018 (apparently this store is not officially part of the latest round of mass shutdowns), at one time there were six Kmart stores in El Paso.  The Kmart in TexarkanaSears operations in Lufkin and San Angelo’s Sunset Mall.  Local news media reported earlier in the year that the Sunset Mall Sears store was actually experiencing increased sales: “Sales in tools have grown 5% year-over-year. Mattress sales have grown 34% year-over-year. We’re one of the best stores in our market!”-Anthony Rollwitz, Sears hardline supervisor

Utah: A Salt Lake City Sears store and Auto Center on State Street.

Virginia: Kmarts in Abingdon, Danville and Lynchburg.  Colonial Heights Sears.

Wisconsin: Stevens Point Kmart, 45 jobs gone by January 2018.

West Virginia: Kmarts in Beckley, Martinsburg and Vienna.

Wyoming: Cheyenne Sears.

SEARS KMART DEATH SPIRAL, OCTOBER 2017: “TRAGICALLY PATHETIC” 

List of U.S. Sears-Kmart store closings that I’ve been compiling since the end of 2011