- More Sears and K-Mart Stores Confirmed to close Across the United States in Coming Months
- Buyers will be able to take advantage of clearance sales.
- Will a Sears or Kmart near you go into liquidation? We give you the list for you to confirm it yourself.
Bad news for shopping fans: It is confirmed that more Sears and K-Mart stores will be closing in the coming months across USA. The good news is that buyers will be able to take advantage of clearance sales.
In February 2019, Transformco acquired the retail stores trying to save them from bankruptcy. Two years later, they announce that they are liquidating seven Sears and two Kmart stores.
Sears and K-Mart store closings confirmed
In a statement, Transformco said its “breakthrough store strategy for Sears and Kmart is to operate a diversified portfolio consisting of a small number of larger, higher-end stores with a greater number of small-format stores.”
Most of these stores will definitely close their doors in mid-November. Will a Sears or Kmart near you be in liquidation? We give you the list to confirm it yourself.
New projects and new format
Transformco will focus on a new store format, which is why “it will continue to expand Hometown Stores and Home & Life stores in cities and towns that previously had larger format stores.”
In addition, they work to grow the online store and other services of the company. He is “very focused on growing sears.com and the Sears Home Services business,” they say in the statement.
What stores will be closing? Sears List
The Sears store at Woodfield Mall in Schaumburg will be one of those to close, making it the “last major department store in Illinois,” as the company plans to “remodel and revitalize the property,” he said. USA Today.
List of Sears stores closing by state: California Sears Downey: 500 Stonewood St. (closing Nov. 14); Pasadena: 3801 E Foothill Blvd. (Close November 14); Hawaii Sears Kahului Maui: 275 Kaahumanu Ave. (Close November 14) 1; Illinois Schaumburg: 2 Woodfield Mall (closing Nov. 14), Sears New York closing
Brooklyn: 2307 Beverley Road (close November 24)
What stores will be closing? Sears and Kmart List
Other Sears stores closing include North Carolina Raleigh: 7330 Old Wake Forest Road and Pennsylvania Harrisburg: 4600 Jonestown Road (closing November 14)
For their part, only two Kmart stores will close: one in New York located in Brooklyn: 2307 Beverley Road and another in White Plains: 399 Tarrytown Road.
Recovering from bankruptcy
Sears and Kmart were originally owned by Sears Holdings, which filed for bankruptcy in 2018. Eddie Lampert, who has always been an investor and CEO of the stores, decided to buy them and keep them alive under the Transformco name.
His plan has been to resize the business and modify the format of the stores. Currently, they have more than 300 large and small format Sears and Kmart stores nationwide “operated primarily by independent distributors or franchisees of a Transformco affiliate,” they told USA Today.
Thousands of stores have closed
Sears and Kmart have closed more than 3,500 stores and cut about 250,000 jobs in the last 15 years.
After the new closings, it looks like 19 Sears department stores and 16 Kmart stores will remain. More Sears and K-Mart stores confirmed to close.