More than 100 Sears, Kmart stores to close

Michele Moreno
January 7, 2018

The retailer, which has been dealing with declining sales, is planning to close 103 of its Sears and Kmart stores by April.

Five years after the Sears store at Macon Mall closed, the company is planning to close the Sears at the Houston County Galleria in early April and its auto center by late February.

Employees at the stores have reportedly been notified.

Sears Holdings said in its announcement that eligible associates impacted by the closures will receive severance and will have the opportunity to apply for open positions at area Kmart or Sears stores.

Sears declined to specify how many employees will be displaced by the latest round of store closings.

Sears shares were down 4% on Thursday and are about 75% off 52-week highs.

Military Avenue Business Improvement District Executive Director Leah Weycker said Sears has been a staple of west side retail for more than 40 years. Sears recently unveiled plans to pay $407 million into its pension plan to enable the sale of 140 other properties but didn't give specifics.

Shoppers were out at 6 am Thursday to get early "Black Friday" deals, as they hit the stores in Salisbury.

You can see a complete list of store closures here. Macy's and J.C. Penney have also been shuttering hundreds of stores. At the time, Sears was expected to remain open in the renovated store's lower level.

Another bleak Hudson Valley January, another iconic brick & mortar store closing.

Sears holding announced in November that it was closing 45 Kmarts including the one in Macon on Tom Hill Sr.Boulevard.

Other reports by Insurance News

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