Sears, 1 Kmart stores in N.J. set to close


The only central IL store expected to close is a Sears in Springfield, located at 104 West White Oaks Mall.

Sears Holdings announced it would close 72 stores Thursday morning, May 31 but reduced that number to 63 closures after deciding to evaluate nine locations before making a decision.

Liquidation sales will begin as early as June 14, according to the retailer.

On Thursday afternoon, Sears Holdings released a list of stores that would soon be shuttered. There are 17 traditional Sears stores in MI malls.

With the Sears at Tech Ridge closing in April, that leaves fewer than 10 remaining open in the Austin area.

Sears will close another 100 stores as sales plunge and losses grow.

There were several IN locations on the list.

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No other Kansas stores are on Thursday's closing list. It operates five other Kmarts on the Island, in addition to the West Babylon store that will close. The company had 894 stores as of May 5, down from 1,980 stores in 2013.

Sears Holdings now operates five Sears locations on Long Island: in Garden City, New Hyde Park, Lake Grove, Massapequa and Valley Stream.

"Amazon is hurting these traditional retailers".

Sears Holdings closed its Kmart location at 180 Main Saugus on earlier this month.

The only other Sears store closing in SC is in Anderson. Revenue fell more than 30 percent to $2.89 billion.

Overall, Sears reported a $424 million loss in the first quarter of 2018 compared with a $245 million profit during the year-ago period.

Sales at established stores, a key gauge of a retailer's health, tumbled almost 12 percent, down 9.5 percent at Kmart stores and 13.4 percent at Sears.