Tuesday, 19 June, 2018

Sears at Knoxville Center Mall set to close later this year

Sears Store Door Entrance in Southcentre Shopping Mall in South Calgary with Liquidation Sale Deals due to upcoming Corporate Closure and going out of Business Sears closing 72 more stores as sales plunge
Elsie Buchanan | 01 June, 2018, 03:31

The 72 stores were among 100 Sears identified that are no-longer turning a profit. Sears Holdings says "eligible associates" will be able to get severance and apply to jobs at other stores.

This is the second anchor store that has recently announced its closure at the Empire Mall.

Fifteen Kmarts and 48 Sears stores nationwide are slated to close, including a Sears store in Springfield, Ill.

Sears, which has seven stores in the Triangle, announced Thursday that it would close another 72 stores as it continues to struggle with plunging sales.

"Customers can use the store locator function on our websites to find the location of their nearest Kmart and Sears stores", the company reports.

The stores will close in September, and liquidation sales will begin as soon as June 14, the company said. Stores closing sales at the 72 stores will begin "in the near future", with plans for the others to be determined. It has also faced growing competition from stores like Home Depot, Lowe's and Best Buy.

Find the PDF detailing the store closure list below.

Trump to remove tariff exemption from EU, Canada, Mexico
The EU would take "all necessary measures" to respond if the U.S. did impose tariffs, Mr Le Maire warned. Ross offered little detail about what the EU, Canada and Mexico could do to have the tariffs lifted.


The Sears location at the Fashion Square Mall in Saginaw will remain open.

Sears shares, which have lost nearly all of their value in the last five years, were down almost 10 percent at $2.90 in mid-day trading.

Sears Holdings now operates five Sears locations on Long Island: in Garden City, New Hyde Park, Lake Grove, Massapequa and Valley Stream.

The retailer is also closing a Kmart store in Laredo.

On Thursday, it had announced that three stores in the state will close but, none of them are in central Pennsylvania.

Sears, founded in 1893 as a mail-order business, has faced a number of hurdles in recent years as consumers increasingly shop online.

Shares of Sears Holdings Corp., based in Hoffman Estates, Illinois, fell 11 percent, or 36 cents, to $2.86 on Thursday. Same-store sales at Kmart, meanwhile, declined 9.5 percent.

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