Sears/Kmart to close 100 stores, including one locally

Sears/Kmart to close 100 stores, including one locally

Joe Willauer, executive director of the Butte Local Development Corporation, said the Kmart announcement is distressing, primarily because of the jobs that will be lost.

Kmarts in Richmond and Greenville near Grand Rapids are in the list of 64 Kmart and 39 Sears locations that were deemed unprofitable.

Sears had already been planning to downsize in Orland Park, where it's been an anchor store since the mall opened in 1976. Liquidation sales at the affected locations would start January 12.

Doors will close at the Prices Corner Sears store and auto center by "early April", according to a press release.

Sears Holdings has struggled financially over the past decade and has greatly reduced the number of stores it operates. The Sears at 693 Stillwater Ave.in Bangor, the only store in ME on the list, is scheduled for closure in early April.

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While closing a store is always a hard decision because of the impact on our customers, our associates and the community, Macy's is delighted to have served this community over the years.

Sears Holdings Corp. announced Thursday that it is taking measures to turn around its business.

Sears has been selling off some its real estate and brands as it tries to raise cash. This marked the second time Sears chose to close stores it sold off to Seritage in 2015. Retail and office space will occupy the lower two levels, replacing Sears' parking lot.

Most retailers have yet to report full fourth-quarter results, but Macy's said sales at stores open at least a year were up 1 percent in November and December compared with the prior year.

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