Saturday, 21 April, 2018

Sears closing Waterloo store by early April

Local K Mart closing it's doors Local K-Mart closing it's doors.
Faye Gross | 07 January, 2018, 00:54

The retailer, which has been dealing with declining sales, is planning to close 103 of its Sears and Kmart stores by April.

Sears closed in Macon Mall in 2011.

Employees at the stores have reportedly been notified.

They said they are closing unprofitable stores as they transform their current business model.

Sears and Kmart employed a total of 150 people in Wicomico County between the two locations as of October 2015, according to the Maryland Department of Commerce. In a statement Thursday, Sears Holdings said eligible associates at those stores will receive severance pay and can apply at area Kmart of Sears stores.

U.S. astronaut John Young passes away
Young said later that launching the space shuttle always scared him more than it thrilled him because so much could go wrong. Young, who was born in San Francisco, California in 1930, got an aeronautical engineering degree from Georgia Tech in 1952.


After April, Sears will still operate traditional stores at the Concord and Dover malls while keeping its "Hometown Stores" in Seaford and Middletown and its appliance outlet store in Newark.

Some of the liquidation sales are set to begin January 12, and employees will receive severance pay.

Sears declined to specify how many employees will be displaced by the latest round of store closings. Red Oak's Kmart is the only store in KMAland impacted by the closings. A store in Goodlettsville is also on the list.

Even though J.C. Penney reported that same-store sales climbed more than 3 percent during November and December compared with past year, and Macy's reported strong holiday sales, a turnaround is unlikely for either, according to analysts.

The news follows on the heels of Macy's announcement it is closing its store in downtown Burlington, as brick-and-mortar retail continues to be battered by online shopping.

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