jh-siesta.com January 21, 2018

More than 100 Sears, Kmart stores to close

08 January 2018, 01:59 | Sherry Padilla

2 Michigan stores in new round of Sears & Kmart closings

Kmart in Portland will close in 2018

Sears Holdings announced Thursday it will close more than 100 Sears and Kmart stores in the next few months. The entire department store sector is suffering as internet sales intensify. Closeout sales begin at affected locations next week.

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. While Lubbock's Sears location is not on the chopping block, three Texas locations are.

As the rise of e-commerce spearheaded by Amazon and Walmart continues, businesses like Sears Holdings aren't keeping up.

The Kmart store in Paducah will close soon.

The trend is one that's continuing for Sears.

Sears Holdings Corp. announced Thursday that it is taking measures to turn around its business. Now, that number is closer to 1,000.

Earlier Thursday, Macy's Inc. announced it was closing 11 stores early this year.

Liquidation sales at the stores will begin as soon as January 12, according to Hoffman Estates, Ill. -based Sears Holdings. With its lack of merchandise, Sears failed to distinguish itself from other retailers, she said.

In late 1989, Sears moved from that location to be one of the original anchors in the then-new Gateway Mall.

Sears has been selling off some its real estate and brands as it tries to raise cash.

At the time, Sears said it had no plans to close the store. Macy's and J.C. Penney have also been shuttering hundreds of stores. "A lot of people do online shopping nowadays".

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