Published: Fri, November 08, 2019
Economy | By

Sears announces more closings, including store in Joplin, Mo

Sears announces more closings, including store in Joplin, Mo

In an effort to "position Transformco for success" by focusing on their competitive strengths and reducing operations that are struggling, the company has made the "difficult but necessary" decision to close 96 Sears and Kmart stores nationwide.

According to national reports on the announcement, the chosen sites will launch liquidation sales on December 2, immediately after the Thanksgiving / Black Friday sales weekend.

A Kmart and a Sears Appliance outlet, both in the same plaza on Route 5, weren't on the list of closings. Existing Kmarts in Chambersburg and Elizabethtown are already in going-out-of-business sales, as part of an earlier round of closures.

The parent company of Sears and Kmart is lowering the boom - again.

Sears, once the dominant big box retailer with thousands of stores around the United States, continues to see its footprint decimated as its owner fights to bring it back from the brink. This announcement comes less than a year after more than 200 Sears and Kmart locations closed.

The Santa Maria Valley Chamber says it was "disappointed" to learn Sears would be leaving the city and will work to help employees affected by the closure find new jobs and also identify new potential tenants for the vacated space.

The announcement does not impact the almost 400 locations that operate as Sears Hometown or Sears Outlet locations, which feature appliances and electronics.

"We will endeavor to create and deliver value through a strategic combination of our better performing retail stores and our service businesses, brands and other assets, and expect to realize a significant return on our extensive portfolio of owned and leased real estate".

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