Sears chain closes its stores in 24 states

The Sears distribution network closes at least 40 stores in 24 states, in addition to the 166 outlets, which the company said it was about to shut down earlier.

Фото: Depositphotos

Most of the stores from the new list will be closed in July-August 2018, writes Time.

Sears has not yet publicly announced the upcoming closures, but information about the plans of the network, as well as the locations to be closed, was confirmed by the employees of the stores.

Some employees of closed outlets will be offered a favorable severance pay.

Over the past five years network Sears reduced the number of its stores in half. As of early February 2018, the company had a 1 002 store compared to 1 980 stores in the 2013 year. In April, she closed another 103 store, another 40 stores will be closed by August.

List of closing stores:

Sears

• Park Mall, 5950 E Broadway Blvd. Tucson, Arizona
• Sunrise Mall, 5900 Sunrise Blvd., Citrus Heights, California
• Westfield Galleria at Roseville, 1191 Galleria Blvd., Roseville, California
• Solano Town Center, 1420 Travis Blvd., Fairfield, California
• Parkway Plaza, 575 Fletcher Parkway, El Cajon, California
• University Mall, 7171 N Davis Hwy, Pensacola, Florida
• Countryside Mall, 27001 Us 19 N, Clearwater, Florida
• Oaks Mall, 6201 W Newberry Rd, Gainesville, Florida
• Broward Mall, 8000 W Broward Blvd, Plantation, Florida
• Sears Town Mall, 3550 S Washington Ave, Titusville, Florida
• North Point Mall, 6000 North Point Circus, Alpharetta, Georgia
• Marketplace at Six Corners, 4730 W. Irving Park Road, Chicago, Illinois
• Quincy Mall, 3400 Quincy Mall, Quincy, Illinois
• Lindale Mall, 4600 First Ave. NE, Cedar Rapids, Iowa
• Towne Mall, 1704 N Towne Dr, Elizabethtown, Kentucky
• Columbia Mall, 2201 W Worley St, Columbia, Missouri
• Maplewood Mall, 3001 White Bear AVE N, Maplewood, Minnesota
• Meadowood Mall, 5400 Meadowood Mall Circle, Reno, Nevada
• Greece Ridge Center, 317 Greece Ridge Center Dr, Rochester, New York
• Summit Park Mall, 6929 Williams Rd, Niagara Falls, New York
• Independence Mall, 3500 Oleander Drive, Wilmington, North Carolina
• Asheville Mall, 1 S Tunnel Road, Asheville, North Carolina
• Southern Park Mall, 7401 Market St., Youngstown, Ohio
• Johnstown Galleria, 540 Galleria Drive, Johnstown, Pennsylvania
• Wyoming Valley Mall, 88 Wyoming Valley Mall, Wilkes-Barre, Pennsylvania
• York Galleria, 2899 Whiteford Rd., York Pennsylvania
• Citadel Mall, 2068 Sam Rittenberg Blvd., Charleston South Carolina
• Park North Shopping Center, 622 NW Loop 410, San Antonio, Texas
• Danville Mall, 325 Piedmont Dr, Danville, VA 24540
• Warrenton Village Center, 141 W Lee Hwy, Warrenton, Virginia
• Overlake Fashion Plaza, 2200 148th Ave NE, Redmond, Washington

Kmart

• 1602 W Brandon Blvd., Brandon, Florida
• 180 Main St., Saugus, Massachusetts
• 74-5456 Kamakaeha Ave, Kailua-Kona, Hawaii
• 1813 Caldwell Blvd., Nampa, Idaho
• 180 Main St., Saugus, Massachusetts
• 180 Broadway, Elmwood Park, New Jersey
• 970 Easton Ave #7235, Somerset, New Jersey
• 321 Stadium Plaza, Jersey City, New Jersey
• 19 Kocher Drive, Bennington, Vermont
• 750 N 3rd St, Laramie, Wyoming

In addition to closing stores, the company sells or leases several of its buildings through Cushman & Wakefield, a real estate services company.

While the online retailer Amazon flourishing and even opening physical stores, some giants of traditional trade face financial difficulties and are forced to close part of the stores or declare bankruptcy. Among them Toys "R" Us, Macy's, Bon-Ton Stores and others.

Rating Company Moody's reported that retail sector defaults hit a record high during the first quarter of 2018. Most of their bankruptcy is to blame for the growth of e-commerce.

Read also on ForumDaily:

4 retailers in the US who thrive and do not plan to close

Shopping at online stores may become less profitable.

Rules Amazon: Secrets of success from the richest man in the world

Do you want more important and interesting news about life in the USA and immigration to America? — support us donate! Also subscribe to our page Facebook. Select the “Priority in display” option and read us first. Also, don't forget to subscribe to our РєР ° РЅР ° Р »РІ Telegram  and Instagram- there is a lot of interesting things there. And join thousands of readers ForumDaily New York — there you will find a lot of interesting and positive information about life in the metropolis.