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Sears to Close 21 Stores

Sears StoreUSA Today reports that Sears and Kmart parent Sears Holidings Inc. plans to close 21 stores by the start of spring. 1,000 jobs will be affected by the store closings.
The announcement affects 13 Kmarts in: Longmont, Colo.; Jacksonville, Fla.; Bainbridge, Ga.; Crestwood, Ill.; Woodstock, Ill.; Connersville, Ind.; Austin, Minn.; Cleveland; Dayton, Ohio; Eastlake, Ohio; Milford, Ohio; Wadsworth, Ohio; and Bremerton, Wash.

Four Sears stores will shut at malls in Waycross, Ga.; Wilson, N.C.; Columbia, Tenn.; and Houston.

And four smaller Sears locations, called Sears Essentials, will close in Londonderry, N.H.; Marlton, N.J.; South Plainfield, N.J.; and West Bend, Wis.
Businessweek reports that Sears comparable-store sales fell 2.5% in the fourth quarter because consumers are deferring purchases of large appliances and other home products.

Photo: Sears

Posted on February 23, 2010





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