Posted on 12/30/2011 8:41:56 AM PST by Doogle
HOFFMAN ESTATES, Ill. (AP) -- Florida will be hit the hardest by the closing of Sears and Kmart stores, losing 11, according to a preliminary list of 79 planned closures released Thursday.
Ohio, Michigan and Georgia are not far behind with six store closures planned in their states. Tennessee, North Carolina and Minnesota are set to lose four stores each.
A spokeswoman for Sears Holding Corp. said each store employs between 40 and 80 people.
None of the closures announced so far are in Sears' home state of Illinois.
The 125-year-old retailer said on Tuesday it would close up to 120 stores to raise cash.
The projected closings represent only about 3 percent of Sears Holdings' U.S. stores. Sears and Kmart merged in 2005. The company now has about 3,560 stores in the U.S. That's up from 3,500 immediately after the merger.
(Excerpt) Read more at finance.yahoo.com ...
I could never figure out why Sears bought K-mart to begin with. They were on the rocks when Sears bought them.
Oh! Last time I was in a Sears store I thought they were closed and forgot to turn out the lights and lock the doors coz nobody was there.
This happened on March 24, 2005, which makes the current manifestation of Sears about 3 months short of 7 years of age.
“They” bought Sears.
I actually like Sears. There is one about 2 miles from my house and is great for stuff like TVs, appliances, tools, paint, tee shirts, and underwear and saves me from having to drive to the heart of suburbia and fight the crowds and the traffic and go to stores like Lowes, Kohl’s, or Best Buy for basics. Granted, the selection doesn’t allow to always avoid the crowds, but prices are just as good at Sears for most products with some exceptions. Glad mine isn’t on the closure list.
Guess a lot of New Yorkers have passed.
None in Texas? Hmmm
If you look at the locations you’ll see many of the closing stores are in or near urban areas. K-Mart seems to fill a niche in smaller communities where it often co-exists as a competitor to Wal-Mart, but in communities where the nearest Lowes, Home Depot, Kohls, or Target is maybe 50 miles away. Sears still has a good brand and K-Mart is competitive with any of the big box stores, I think this may be a recognition that they are more of a rural niche competitor than an alternative to the more upscale competitors. Most of us out here in flyover country grew up with the Sears catalog!
My friend and I were arguing about Sears being hurt by Wal-Mart. He is anti Wal-Mrt and he thinks that Wal-Mart iz taking away stores. I told him that Sears and KMart been MISMANAGED since the 1980s.
“I could never figure out why Sears bought K-mart to begin with.”
Other way around.
It’s basically a large real estate company that happens to operate department stores.
I am happy that their Orange Park and Avenues Mall Sears will remain open. I shop there from time to time.
Kmart I could care less about. I prefer Target and Walmart but I really hope Sears pulls it together and rehabs their brand.
Didn’t know that.
Explains a lot.
In Clearwater, FL there are a Kmart and Walmart right across the street from each other. The WM lot always has AT LEAST 10x the cars the KM lot has. I have no idea how KM stays in business.
Ours in Fernandina Beach Fl is on the list. I have NEVER seen more than 10 shoppers in that store at one time. I suggested they turn it into an indoor firing range.
It makes no sense. The gubmint says people were purchasing lots of gifts for Xmas
List so far.
Alabama (3): Sears in Mobile; Kmart in Auburn and Gadsden.
California (3): Sears in El Monte and San Diego (2).
Colorado (3): Sears in Longmont; Kmart in Broomfield and Glenwood Springs.
Florida (11): Sears in Crystal River, Deland, Port St. Lucie, Stuart, West Palm Beach; Kmart in Callaway, Fernandina Beach, New Smyrna Beach, Orange City, Pompano Beach and St. Augustine.
Georgia (6): Sears in Macon; Kmart in Atlanta, Buford, Columbus, Douglasville and Jonesboro.
Idaho (1): Sears in Lewiston.
Indiana (3): Sears in Anderson; Kmart in Indianapolis and St. John.
Iowa (2): Kmart in Cedar Rapids and Davenport.
Kansas (1): Sears in Lawrence.
Kentucky (3): Sears in Middleboro; Kmart in Hazard and Winchester.
Maryland (1): Sears in Ellicott City.
Michigan (6): Sears in Adrian, Brighton, Chesterfield Township, Harper Woods, Monroe and Washington Township.
Minnesota (4): Kmart in Duluth, New Hope, White Bear Lake and Willmar.
Mississippi (3): Sears in Columbus, Jackson and McComb.
Missouri (2): Sears in Lee’s Summit and St. Louis.
New Hampshire (2): Sears in Keene and Nashua.
North Carolina (4): Sears in High Point, Morehead City, Rocky Mount and Statesville.
Ohio (6): Kmart in Chagrin Falls, Columbus, Medina, Springfield and Toledo (2).
Oregon (1): Sears in Roseburg.
Pennsylvania (2): Sears in Pottstown and Upper Darby.
South Carolina (1): Sears in Sumter.
Tennessee (4): Sears in Antioch, Cleveland, Oak Ridge; Kmart in Hendersonville.
Virginia (3): Sears in Norfolk; Kmart in Midlothian and Richmond.
Washington (2): Sears in Walla Walla; Kmart in Lacey.
Wisconsin (2): Sears in West Baraboo; Kmart in Rice Lake.
Just as long as my beloved E.J. Korvette’s remains open, I will be happy.
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