Sears is just closing down store after store. The department store is closing 72 more stores in addition to the 180 closings they announced earlier this year.
The company will be closing down 16 Sears stores, 49 Kmart stores, and seven auto centers, according to Business Insider. B.I was able to obtain a list of all the stores that will close, most of which plan to be closed in September.
The list is as follows:
Sears
- Chico, CA, store 2048
- Dalton, GA, store 2615
- Biloxi, MS, store 2256
- Asheboro, NC, store 2645
- Minot, ND, store 2152
- Vineland, NJ, store 2374
- Columbus, OH, store 1150
- Elyria, OH, store 1310
- Columbus, OH, store 1370
- Franklin, OH, store 2940
- Midwest City, OK, store 1261
- Richmond, VA, store 1445
- Columbia, SC, store 1525
- Texarkana, TX, store 2567
- Sherman, TX, store 2627
- St. George, UT, store 2220
Kmart
- Dothan, AL, store 3082
- Muscle Shoals, AL, store 7045
- Little Rock, AR, store 3120
- Bullhead City (Riviera), AZ, store 3375
- Blythe, CA, store 3881
- Sacramento, CA, store 4117
- Manteca, CA, store 4862
- Fort Oglethorpe, GA, store 3083
- Calhoun, GA, store 9625
- Iowa City, IA, store 4315
- Marshalltown, IA, store 7583
- Mishawaka, IN, store 4152
- Newburyport, MA, store 9147
- Elkton, MD, store 9524
- Traverse City, MI, store 3009
- West Branch, MI, store 3864
- Cheboygan, MI, store 9245
- Mantua, NJ, store 3060
- Manahawkin, NJ, store 3641
- Las Cruces, NM, store 3682
- Alamogordo, NM, store 9119
- Las Vegas, NV, store 3680
- Henderson, NV, store 3857
- Sparks, NV, store 4151
- Liverpool, NY, store 3352
- Malone, NY, store 3943
- Cortland, NY, store 7134
- Watertown, NY, store 7432
- Wooster, OH, store 4875
- Streetsboro, OH, store 9676
- Tulsa, OK, store 4473
- Roseburg, OR, store 7580
- Butler, PA, store 4771
- Belle Vernon, PA, store 7120
- Indiana, PA, store 7217
- Summerville, SC, store 3606
- Seneca, SC, store 9320
- Madison, TN, store 4093
- Johnson City, TN, store 7353
- El Paso, TX, store 3491
- El Paso, TX, store 7347
- Spanish Fork, UT, store 7425
- Virginia Beach, VA, store 3560
- Virginia Beach, VA, store 3801
- West Allis, WI, store 3618
- La Crosse, WI, store 4089
- Medford, WI, store 7656
- Lewisburg, WV, store 7582
- Sheridan, WY, store 9074
Sears Auto Center
- Elyria, OH, store 6060
- Midwest City, OK, store 6509
- Columbia, SC, store 6013
- Texarkana, TX, store 6739
- Sherman, TX, store 6929
- St. George, UT, store 2653
- Richmond, VA, store 7505
Sears is deep in a financial crisis, thus explaining its reason for shutting down all the stores it has this past year and the ones it plans to shut down in the near future. In an interview with the Chicago Tribune last month, CEO Edward Lampert “acknowledged Sears’ struggles and admitted that the turnaround was taking longer than expected”, but still, he is committed to reversing the department store’s existing battle by turning the company into a “21st-centurt merchant”, the Tribune reported.
“Preparing the company for this day and age is something we’ve been working on for the last dozen years,” Lampert said. “The challenge for us internally as well as externally is to be able to demonstrate to the world that what we’ve built is something that can stand up against the best competition that’s out there.”
The closing stores are being turned over to Seritage Growth Properties, whose chairman just als0 happens to be Eddie Lampert, CEO of Sears. Seritage then rents out these spaces to businesses like Shake Shack, Dick’s Sporting Goods, Whole Foods and Pottery Barn.
Another step the company has taken in midst of its financial crisis is the selling of its Craftman tool brand to Stanley Black & Decker. The transition, which happened in early January, cost roughly $900 million. However, Sears is currently in a lawsuit with one of its Craftsman hand tools suppliers– the second one in less than a month with the supplier.
Turns out Sear’s is not the only retail company closing stores. Popular brands like Guess, Abercombie & Fitch, Macy’s, CVS, Staples, American Apparel, Michael Kors, JCPenny, Gamestop, Crocs, Wet Seal, Bebe, hhgregg, Family Christian, The Limited, Rue21, Payless, RadioShack, Gander Mountain, EMS, and Bob’s Stores have stores lined up to close as well.
