Sears Holdings (NASDAQ: SHLD) Closing 3 Sears, Kmart Stores In Texas

Sears Holdings (NASDAQ: SHLD) has announced that the company will close 68 Kmart and 10 Sears stores this summer.

 

In February, the company said that it would accelerate the closing of unprofitable stores. This latest announcement follows a comprehensive evaluation of the company’s store portfolio that took into account historical and recent store performance, and the timing of lease expiration’s. All of the Sears stores and nearly all of the Kmart stores will close in late July; two Kmart stores will close in mid-September.

 

“The decision to close stores is a difficult but necessary step as we take aggressive actions to strengthen our company, fund our transformation, and restore Sears Holdings to profitability,” said Edward S. Lampert, Chairman, and Chief Executive Officer of Sears Holdings. “We’re focusing on our best members, our best categories, and our best stores as we work to accelerate our transformation.”

 

Sears Holdings expects the store closures to generate a meaningful level of cash from the liquidation of store inventory and from the sale or sublease of some of the related real estate. Together with the over $1.2 billion in debt financing that Sears Holdings announced it had raised earlier this month to provide capital to execute its transformation and to meet its financial  obligations, the company believes it has taken important steps toward its primary 2016 objective to restore profitability.

 

Eligible associates impacted by these store closures will receive severance and will have the opportunity to apply for open positions at area Kmart or Sears stores. “We are committed to treating these associates with respect and compassion during this process,” said Mr. Lampert.

 

“Sears Holdings will continue to transform as the role of the store evolves to fit the way that members want to shop,” Mr. Lampert said. “Through our continued investments in Integrated Retail, our stores are a critical component of our strategy as we provide our members with industry-leading innovations such as Meet with an Expert, In-Vehicle Pickup and Return and Exchange in Five.”

 

Customers can use the store locator function on our web sites to find the location of their nearest Kmart and Sears stores.

 

The closing Kmart and Sears stores will start their liquidation sales on May 12 and April 29, respectively.

 

Following is a complete list of the impacted stores:

 

FORMAT STREET ADDRESS CITY STATE
Kmart 5980 Chalkville Mountain Birmingham AL
Kmart 1101 Beltline Road Decatur AL
Kmart 230 Green Springs Hwy Homewood AL
Kmart 450 Z Schillingers Road Mobile AL
Kmart 300 West Mariposa Road Nogales AZ
Kmart 2270 East El Monte Way Dinuba CA
Kmart 520 S Cherokee Lane Lodi CA
Kmart 1475 Hillman Street Tulare CA
Kmart 2785 Highway 46 Wasco CA
Kmart 44 Providence Pike Putnam CT
Kmart 9600 San Jose Blvd Jacksonville FL
Kmart 500 Atlantic Blvd Neptune Beach FL
Kmart 1809 Byron Butler Parkway Perry FL
Kmart 7050 S Pulaski Chicago IL
Kmart 2721 N Vermillion Street Danville IL
Kmart 1150 W Carl Sandburg Dr Galesburg IL
Kmart 17355 Torrence Ave Lansing IL
Kmart 2909 Court St Pekin IL
Kmart 3840 46th Ave Rock Island IL
Kmart 3216 E Third Street Bloomington IN
Kmart 3525 Grantline Rd New Albany IN
Kmart 1320 E 30th Ave Hutchinson KS
Kmart 1809 N Dixie Hwy Elizabethtown KY
Kmart 4025 Poplar Level Rd Louisville KY
Kmart 3911 Taylorsville Rd Louisville KY
Kmart 1581 US 68 South Maysville KY
Kmart 344 North Mayo Trail Paintsville KY
Kmart 2985 Cottingham Expwy Pineville LA
Kmart 10 Main Street Tewksbury MA
Kmart 8171 W Houghton Lake Dr Houghton Lake MI
Super K* 21111 Van Born Rd Taylor MI
Kmart 11978 St Charles Rock Rd Bridgeton MO
Kmart 1930 E Kearney Street Springfield MO
Kmart 118 Highway 72 West Corinth MS
Kmart 2424 Central Ave Billings MT
Kmart 804 N Broad Street Brevard NC
Kmart 3580 East Franklin Gastonia NC
Kmart 2750 Roberts Avenue Lumberton NC
Kmart 10500 Centrum Parkway Pineville NC
Kmart 720 Sutter Creek Blvd Rocky Mount NC
Kmart 3001 West 12th Hastings NE
Kmart 838 South Road Poughkeepsie NY
Kmart 3049 W Ridge Rd Rochester NY
Super K 3315 N Ridge E Ashtabula OH
Kmart 1705 North Barron Street Eaton OH
Kmart 1825 North State Route 19 Fremont OH
Kmart 2250 Harding Hwy Lima OH
Super K* 5350 Leavitt Road Lorain OH
Kmart 625 West Central Avenue Springboro OH
Kmart 2660 Constitution Blvd Beaver Falls PA
Kmart 8800 Frankford Ave Philadelphia PA
Kmart 3000 McIntyre Square Dr Pittsburgh PA
Kmart 1775 S Braddock Avenue Pittsburgh PA
Kmart 3045 Fifth Street Hwy Reading PA
Kmart 99 Matthews Drive Uniontown PA
Kmart 2209 West Dekalb Camden SC
Kmart 1000 18th St SW Huron SD
Kmart 2210 Broadway Avenue Yankton SD
Kmart 1802 Decatur Pike Athens TN
Kmart 945 McCammon Ave Maryville TN
Kmart 902 S Main Street Sweetwater TN
Kmart 11330 Montwood Dr El Paso TX
Kmart 1405 East Expressway 83 Mission TX
Kmart 210 SE Georgia Ave Sweetwater TX
Kmart 1055 East Draper Pkwy Draper UT
Kmart 610 West Price River Dr Price UT
Kmart 1442 W 90th South West Jordan UT
Kmart 1275 Bell Avenue Hartford WI
Sears 700 Quintard Dr Oxford AL
Sears 600 S University Ave Little Rock AR
Sears 9501 Arlington Expy Jacksonville FL
Sears 5953 W Park Ave Houma LA
Sears 6810 Eastman Ave Midland MI
Sears 200 Medley Centre Parkway Irondequoit NY
Sears 60 Smithfield Blvd Plattsburgh NY
Sears 1377 Marion Waldo Rd Marion OH
Sears 101 Clearview Cir Butler PA
Sears 2500 W State St New Castle PA

 

* These stores will close in mid-September. All others will close in late July. 


 About Sears Holdings Corporation

Sears Holdings Corporation (NASDAQ: SHLD) is a leading integrated retailer focused on seamlessly connecting the digital and physical shopping experiences to serve our members – wherever, whenever and however they want to shop. Sears Holdings is home to Shop Your Way®, a social shopping platform offering members rewards for shopping at Sears and Kmart as well as with other retail partners across categories important to them. The company operates through its subsidiaries, including Sears, Roebuck and Co. and Kmart Corporation, with full-line and specialty retail stores across the United States. For more information, visit www.searsholdings.com.

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