Sears and Kmart to close 46 more stores nationwide in November (THE END IS NEAR)

[Hotlantan]

Dang and I was just in the Atlanta/Cumberland Mall Sears last weekend!
46 Sears, Kmart stores to close nationwide in November
https://www.ajc.com/news/national/s...e-nationwide-november/PzSUn3zKByEnX2lnshFulJ/

Sears Holding Corp. is closing 46 unprofitable Sears and Kmart stores in November.

States where Sears and Kmart stores are closing include California, Washington, Florida, Georgia, Ohio and Texas.

Workers were told this week. Liquidation sales are expected to start around Aug. 30, according to Bloomberg. The closures impact affiliate Sears Auto Center employees as well.

See the full list of store closings here.

These store closings are in addition to the 63 planned closures Sears announced in May.

Eligible employees will receive a severance and the ability to apply for open positions at other Kmart and Sears stores, the company stated.

The 125-year-old company is struggling to stay afloat. Sears has already closed hundreds of stores and cut more than $1 billion in annual expenses, according to Bloomberg.

The Illinois-based retailer’s shares have dropped in each of the last four years.

So far, company stock has declined 67 percent in 2018.

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Here’s the updated list of 78 stores Sears is closing in September

Published: July 3, 2018 1:43 p.m. ET

https://www.marketwatch.com/story/h...r-future-and-there-are-more-coming-2018-05-31

 

[Ceenote]

Good bye old friend!! Shit its been a long time coming! I hate to see people lose their jobs though...

 

[easy_b]

Yup it’s time

 

[KA$H]

I honestly thought the were all closed already. I had to walk through a Sears to get to a mall about 10 years ago and that shit was empty. The merch looked like it was on its last leg. That shit was depressing....Yep and the Store I walked through was on that list

 

[RUDY RAYYY MO]

So isnt this a come up for discounts?

 

[RUDY RAYYY MO]

Isn't this a come up for us. Discounts?

 

[cli-terminator]

I wonder if those store closings will mean liquidation sales are coming. There's a Sears near to me that's gonna be closing next month according to that list. I could go for some more Craftsman tools

 

[55th View]

Internet shopping is killing them. Just think about the bankruptcies we've seen:

- Toys R Us (was once the king of toys)
- Sears (was the spot for back to school and lawn/garden).
- J. C. Penny's (back to school spot)
- K-mart (Wal-Mart before Was-Mart)
- Circuit City (electronics juggernaut. Best Buy and online sales knocked them off).

All of these seemed untouchable at one time. Technology!

 

[Deezz]

What's a K-Mart?

These fuckers have been long gone from my area.

 

[Rollie_Fingaz]

They just closed one by my grandfather's house and they consolidated another from two floors to one and turning one of the floors to a Dave and Busters.

I used to drive past them all the time and the only cars I saw in the parking lot were the employees.

Internet shopping is killing them. Just think about the bankruptcies we've seen:

- Toys R Us (was once the king of toys)
- Sears (was the spot for back to school and lawn/garden).
- J. C. Penny's (back to school spot)
- K-mart (Wal-Mart before Was-Mart)
- Circuit City (electronics juggernaut. Best Buy and online sales knocked them off).

All of these seemed untouchable at one time. Technology!

It doesn't help that K-Mart and Sears have a stigma for being for old people.

 

[VWchrisATL]

Man K-mart was Target & Walmart before Target & Walmart. Surprised they made it this long, honestly...

 

[Mo-Better]

Maybe its time for me to grab another set of ratchets. Craftsman tools have served me well over the years.

 

[BDR]

The spots they are closing are spots that ain’t making no money

 

[regulus]

Sears could've been Amazon but they were on that bullshit. If they knew what was good for them they'd start selling kit houses again.

 

[Mt. Yukon]

So isnt this a come up for discounts?

Right!!! New tools!!!

 

[Coldchi]

MAGA

 

[LSN]

shit...I didn’t know they still had stores open...all the ones out here been closed

 

[Ceenote]

shit...I didn’t know they still had stores open...all the ones out here been closed

The ones by me sell only clothes n apappliances.. Tvs n shit gone.. Used to b 2 levels now one level store