Sears Holdings Corp. will be closing over 100 more stores, including its store in Toms River, as the struggling department store chain tries to turn around its business.The Hoffman Estates, Illinois-based company says that includes 64 Kmart stores and 39 Sears stores that will be shuttered between early March and early April. The Toms River Sears store at the Ocean County Mall on Hooper Avenue is the only Sears or Kmart in New Jersey slated to close. The company says that closing will come in early April.Liquidation sales will begin as soon as next Friday at the stores. PREVIOUS: Sears to close Manahawkin Kmart A Sears spokesman said Thursday the number of workers affected was not available. The majority of the jobs are part-time positions, Sears said.The move comes in addition to closing about 250 stores announced last year.Sears has been selling off some its real estate and brands as it tries to raise cash.Earlier Thursday, Macy’s Inc. announced it was closing 11 … [Read more...] about Sears closing Toms River store
Sears Holdings is closing 103 Sears and Kmart stores this spring, as it continues to deal with declining sales.Here's the complete list:1 Kmart Plaza/State Hwy. 89, Cabot, Ark., early April750 W. Deuce Of Clubs, Show Low, Ariz., early April More: 100+ Kmart, Sears stores to close this spring More: Sears bought few national TV ads during the holiday season, data show More: Analysis: Bitter cold, storms will hit retail sales hard, particularly at troubled stores 5900 Old Seward Hwy. Anchorage, Alaska, early April (Sears Auto Center, late January) … [Read more...] about Is your local Kmart or Sears closing?
Sears continues to close stores. The struggling retailer told employees on Thursday that 64 Kmarts and 39 Sears stores will be closing sometime between early March and early April. One Kmart in the batch is located in Portland, Texas. Three of the Sears stores are in Texas, one each in Austin on I-35, in Houston on Highway 6 and in Midland on North Midkiff Road. Last year, Sears closed at Valley View Center which is in the process of being torn down. Sears now has 11 department stores in Dallas-Fort Worth. The Sears store at Richardson Square was sold last year and isn't closing, but has a short-term lease. Twitter: @MariaHalkias … [Read more...] about Sears closing 103 more stores, four in Texas
After controlling the Craftsman name for 90 years, troubled department store operator Sears said it will sell the famous tool brand to Stanley Black & Decker Inc. Stanley, which makes and sells tools under the DeWalt and Black & Decker names, wants to grow the Craftsman brand by selling its products in more stores outside of Sears. Today, only 10% of Craftsman products are sold in other stores. Sears said it will continue to sell Craftsman, including at its Kmart and Sears Hometown stores. The Hoffman Estates, Illinois-based company first took control of Craftsman in 1927 when it bought the trademark for $500. Sears has struggled, losing money for years as its revenue fell. The company also announced plans Thursday to close 150 stores, about 10% of its total 1,500 locations. And last week, the company said it received a credit facility for up to $500 million to provide it with cash as it sells assets. Shares of Sears Holdings Corp., … [Read more...] about Sears closing 150 stores and selling Craftsman tool brand
Bronx's longtime Sears store is no longer in fashion. The one-time retail giant is closing its Fordham Road location, which has been selling everything from clothes to appliances to Bronxites since 1981. The department store will begin its liquidation sale on Sept. 25 with plans to shutter by the end of November, officials said. Its 91 employees eligible for severance will have the opportunity to apply for open positions at area Sears or Kmart stores, a Sears spokesman said. People hate when anchor stores leave, but there are reasons other than that specific store is not doing well. “Store closures are part of a series of actions we’re taking to reduce ongoing expenses, adjust our asset base and accelerate the transformation of our business model,” the spokesman said in a statement. In 2007, Sears reduced the size of its store at 400 E. Fordham Road after major renovations to the building opened doors for a Best Buy and a Walgreens. … [Read more...] about Sears closes longtime Bronx store
After nearly 40 years as part of the fabric of Fort Collins, Sears has closed its store at Foothills Mall.Within the next few weeks, interior mall access to Sears will be closed so the building can be razed as part of Alberta Development Partners' $313 million redevelopment of the property, according to city officials. Temporary bathrooms near the mall's entrance are now open so the old bathrooms near Sears can be demolished as well.Alberta, which bought the failing mall in July 2012, said from the beginning it could not make the redevelopment work with Sears in its present configuration at the front entrance of the mall. It intimated that if Sears didn't leave, one way or another, it could jeopardize the entire revitalization project.After months of negotiations, Alberta agreed to build a new 10,000-square-foot space for Sears on the site of the former Tres Margaritas restaurant in exchange for Sears vacating the enclosed mall space it had owned and operated for 40 years.Store … [Read more...] about Sears closes, set for demolition
BROOKFIELD - For a brief period this year, it seemed the latest phase in Brookfield Square's ongoing reinvention was finally proceeding around the mall's Boston Store anchor.A half-dozen new store and restaurant buildings would line the department store's outside walls facing both Moorland and Blue Mound roads. And a three-level parking structure would be built on a parking lot just west of Boston Store. RELATED: Brookfield Square mall expansion proceeding "It's neat that this is coming to that end of the mall, finally," said Ald. Gary Mahkorn at a Brookfield Plan Commission meeting in January. "We're all excited about that."The commission and Common Council approved the proposal.However, a follow-up approval was delayed at a February council meeting — and remains on hold eight months later.That change in plans is tied to the Jan. 30 announcement that mall operator CBL & Associates Properties Inc. had bought five Sears department stores … [Read more...] about Reboot: Brookfield Square pivots to redevelop Sears site
Department-store chain Sears Holdings is seeking to stem its bleeding by closing another 150 stores, including 108 Kmart locations, and selling its Craftsman brand to raise cash.The ailing retailer said Thursday that it had reached a deal to sell the tools brand to Stanley Black & Decker for a net present value of about $900 million, including future royalty payments.The move came several months after Sears put the Craftsman, Kenmore and DieHard brands up for sale as it seeks an elusive turnaround.The company said late Wednesday that it would close 108 Kmart stores and 42 Sears stores, calling it "a difficult but necessary step as we take actions to strengthen the company’s operations and fund its transformation."Sears also announced Wednesday that it had landed access to $500 million in secured loans provided by Sears CEO and Chairman Edward Lampert's ESL Investments. Lampert has invested heavily in Sears as he attempts to revitalize the … [Read more...] about Sears closing 150 stores, selling Craftsman in attempt to survive
Sears Holding, parent company of department stores Kmart and Sears, will be closing 150 stores this spring. That includes 108 Kmart and 42 Sears locations in 40 states.The company said liquidation sales will begin as early as January 6 at all of the closing stores. Most of the stores will close at the end or March except for a few that will close mid-February or mid-March. Related: Macy's is closing 68 stores. Here is the list Sears closing 150 stores, selling Craftsman in attempt to surviveHere is a list of the Kmart and Sears stores set to close: Alabama Arkansas California Colorado Connecticut Florida Georgia Hawaii Illinois Indiana Iowa Kansas Kentucky Louisiana Maine Maryland Massachusetts Michigan Minnesota Missouri Nevada New Jersey New Mexico New York North Carolina North Dakota Ohio Oklahoma Pennsylvania Rhode Island South Carolina South Dakota Tennessee Texas Utah Virginia Washington West Virginia … [Read more...] about Is your local Sears or Kmart among 150 stores to be axed? See the list
Sears Holdings, which wasn't shy when it announced at the start of the year that it is closing 150 underperforming stores, has quietly added at least 30 more to the list.Another 12 Sears stores and 18 Kmarts are among the locations that are closing, from Carson, Calif., to Hialeah, Fla., with most scheduled to shut their doors in July, based on calls to the stores, malls and confirmation in local media.At the start of the year, the retailer pinpointed the 150 stores it said it would close. But it declined this week to provide a list of additional locations that are slated to shut since then, saying that it update store counts each quarter.A spokesman for the troubled chain has made no secret of its plans to close additional stores.Store closings: Macy's is closing these 68 stores Is your local Sears or Kmart among 150 stores to be axed? See the list What happens when Kmart and Macy's close?“At the beginning of the year we said we would continue to … [Read more...] about Sears is closing 30 more stores — is yours on the list?