Sears closes 142 stores in bankruptcy and liquidation sale

Sears Holdings Corp. will try to turn around the situation of his bankrupt company with even fewer stores by the end of the year. The former dominant retail force will shut down 142 unprofitable or underperforming Sears and Kmart stores in the coming months, with liquidation sales to these locations expected "in time for holiday shopping," the company said. Sears in a statement announcing his bankruptcy filing.

The closures add to the 46 previously announced closures of 46 losing money stores, which are expected to be completed by next month, the retailer said. The latest list of closures includes 79 Sears stores and 63 Kmart stores (Click here to see which stores are about to close, or see below for a complete listing.)

As Sears Holdings explained in a document filed Monday in bankruptcy court: "On the first closed stores, 98 were not profitable during FY 2017 and 44 generated profits stagnant or marginal during fiscal 2017 or are declining in 2018 due to local market and competitiveness factors. "

The company did not immediately return requests for additional information, including the number of employees impacted. Fewer than 90,000 people were still working for Sears Holdings earlier this year, up from 350,000 in the last few decades.

In terms of consumers, Sears has relaxed its efforts to stay in business: "We announced the closing of sales in several stores by the end of the year, in time for holiday shopping," said the company. society. his website. "Other stores will make sales and close their doors by November 2018."

The closures would leave about 700 Sears and Kmart stores in operation. The number of stores reached a peak of 4,000 in 2012, including its Sears Canada division, which was then split.

The company recorded losses of $ 6.26 billion, excluding special events, since its last annual profit in 2010, according to Ken Perkins, who heads the firm Retail Metrics LLC. There have been 11 years of yearly annual decreases in income. During its last fiscal year, the group generated revenues of $ 16.7 billion, down from more than $ 50 billion in 2008.

Edward Lampert, a hedge fund investor, is a chairman of Sears' board of directors, but is stepping down as chief executive, whose duties would be shared by three executives, Sears said.

The bankruptcy filing took place shortly before Sears had to repay $ 134 million in loans on Monday. It's been a while for Sears, but the strategy of cutting costs by closing stores – the company has closed more than 725 Sears and Kmart stores in the past two years alone – has not worked so far.

"The problem with Sears is that it's a poor retailer," Neil Saunders, Managing Director of GlobalData Retail, said in a recent research note. "It has failed at all levels of retail, ranging from assortment to service through merchandise and basic standards in store."

Analysts predicted that the company would face a "liquidity event" for several years, due to the deterioration of its financial situation. In 2016, buyers told a survey firm that they preferred to shop at Goodwill at Sears.

Which stores are closing

Here are the 142 Sears and Kmart stores whose closure is targeted, according to the company's website:

Kmart

Arkansas

• 2821 East Main St Russellville, AR 72801-9801

California

• 215 W Hanford / Armona Rd Lemoore, California 93245-2302
• 1351 E Hatch Rd Modesto, CA 95351-5010
• 375 E Alessandro Blvd Riverside, CA 92508-2463
• 3247 W Noble Ave in Visalia, CA 93277-1841
• 912 County Line Rd Delano, CA 93215-3823
• 2530 S Euclid Ave Ontario, CA 91762-6619
• 3968-A Missouri Flat Road Placerville, CA 95667-5240

Florida

• 900 N W 76 Boulevard Gainesville, FL 32606-6747
• 12350 Sw 8Th Street Miami, FL 33184-1510 (Goodwill)

Georgia

• 400 Crosstown Road Peachtree City, GA 30269-2915
• 6239 Turner Lake Road, Covington, GA 30014-2064

Illinois

• 3701 Broadway St Quincy, IL 62301-3721 (Ruby Tuesday)
• 4210 N Harlem Ave Norridge, IL 60706-1277
• 5000 23rd Ave Moline, IL 61265-4599

Indiana

• 430 W Ridge Ridge Griffith, IN 46319-1095 (El Centro Shopping Center)
• 723 3rd Ave Jasper, IN 47546-3639

Iowa

• 2803 E Kanesville Blvd. Council Bluffs, IA 51503-1004
• 1111 N 2nd Cherokee, IA 51012-1287
• 2307 Superior Webster City, IA 50595-3165

Kansas

• 400 South Broadway Salina, KS 67401-4005
• 7836 State Ave Kansas City, KS 66112-2417

Kentucky

• 600C W Stevens Blvd. Grayson, KY 41143-1190
• Northridge S / C Us Highway 127 Russell Springs, KY 42642-4559

Louisiana

• 7000 Veterans Memorial Metairie, LA 70003-4497

Maine

• 417 Main Street Madawaska, ME 04756-1197

Maryland

• 835 Solomons Island Road, North Prince Frederick, MD 20678-391
• 6163 Oxon Hill Road Oxon Hill, MD 20745-3108

Michigan

• 06600 M-66 North Charlevoix, MI 49720-9505
• 1025 M-24 Lake Orion, MI 48360-1429

Missouri

• 2901-5 N Belt Rd St. Joseph, MO 64506-2006
• 7100 NW Prairie View Rd Kansas City, MO 64151-1630 (Zeller Auto Repair)
• 1 Flower Valley Shp Ctr Florissant, MO 63033-1644

New Jersey

• 779 Delsea Dr. N Glassboro, NJ 08028-1435

New York

• 987 Route 6 Mahopac, NY 10541-1709
• 8363 Lewiston Road Batavia, NY 14020-1236
• 2590 Military Rd Niagara Falls, NY 14304-1506
• 349 Orchard Park West Rd Seneca, NY 14224-2634
• 93 West Campbell Rd Schenectady, NY 12306-6800

North Carolina

• 1530 East Broad Street Statesville, NC 28625-4302
• 4500 Western Blvd Raleigh, NC 27606-1814 (Auto Repair Choice)
• 1001 Patton Ave Asheville, NC 28806-3643

Ohio

• 15891 State Rt 170 East Liverpool, OH 43920-9633
• 17840 Bagley Rd Middleburg Heights, OH 44130-3401

Oregon

• 3955 S Murray Blvd. Beaverton, OR 97005-2316 (Glowing Greens LLC)

Pennsylvania

• 720 Clairton Blvd / Rte 51 Pleasant Hills, PA 15236-4517
• 528 W Plank Road Altoona, PA 16602-2802
• 1502 South Fourth St. Allentown, PA 18103-4949 (Floreff LLC and Nathan & Alison LLC)
• 1000 Nutt Rd Phoenixville, PA 19460-2200
• 1170 Mae Street Hummelstown, PA 17036-9185
• 100 Tarentum Rd New Kensington, PA 15068-4670
• 1180 Walnut Street Bottom Carlisle Street, PA 17013-9160
• 3205 Lincoln Hwy Thorndale, PA 19372-1012
• 111 Hulst Dr, Ste 722 Matamoras, PA 18336-2115

Caroline from the south

• 129 West Butler Avenue Mauldin, SC 29662-2534 (Mauldin to Butler LLC)
• 2302 Cherry Road Rock Hill, SC 29732-2165

Tennessee

• 6909 Maynardville Pike Ne Knoxville, Tennessee 37918-5325

Virginia

• 6364 Springfield Plaza Springfield, VA 22150-3431
• 118 Waller Road Mill Williamsburg, VA 23185-2946 (New Oriental Crafts LLC)
• 2712 W Main St Waynesboro, VA 22980-1618

Washington

• 1001 E Sunset Drive Bellingham, Washington 98226-3510

West Virginia

• 1701 4Th Ave W Charleston, WV 25387-2415

Wyoming

• 4000 East 2nd Street Casper, WY 82609-2385

Sears

Alabama

• 1001 Rainbow Dr. Gadsden, AL 35901-5376

Arizona

• 2250 El Mercado Loop Sierra Vista, AZ 85635-5204
• 3150 S 4Th Ave Yuma, AZ 85364-8104
• 6515 E Southern Ave Mesa / East, AZ 85206-3711
• 7611 W Thomas Rd, Phoenix Desert Sky, AZ 85033-5433
• 3177 Chandler Village Dr. Chandler, AZ 85226

California

• 1700 Stoneridge Dr. Pleasanton, CA 94588 (Lands & # 39; End)
• 100, Santa Rosa, Santa Rosa, CA 95401-6381 (Lands & # 39; End)
• 3333 Bristol St Costa Mesa, California 92626-1811 (Lands & # 39; End)
• 1011 W Olive Ave Merced, CA 95348-2422
• 5901 Florin Rd Florin, CA 95823-2302
• 3751 S Dogwood Ave El Centro, CA 92243
• 100 Vintage Making Mall Modesto, CA 95356-0559
• 100 Los Cerritos Mall Cerritos, CA 90703-5421
• 1401 N Montebello Blvd Montebello, CA 90640-2584
• 3001 Ming Ave Bakersfield, CA 93304-4145

Colorado

10785 W Colfax Avenue Lakewood, CO 80215-3807
Centennial of 7001 S. University Blvd., CO 80122-1599 (Lands & # 39; End)

Connecticut

• 1201 Boston Post Rd Sp 2095 Milford, CT 06460- (end of lands)
• 850 Hartford Tnpk Waterford, CT 06385- (Lands & # 39; End Inc.)

Florida

• 733 N Highway 231 Panama City, FL 32405-5302
• 300 Mary Esther Blvd Mry East / Ft Wltn Bch, FL 32569-1693
• 1050 S Babcock St Melbourne, FL 32901-3022
• 3800 Us Hwy 98 N Ste 500 Lakeland, FL 33809-3824
• 303 Hwy 301 Blvd W Bradenton, FL 34205-7991
• 3100 Sw College Dr Ste 300 Ocala, FL 34474-8449

Idaho

• 460 N Milwaukee St Boise, ID 83704-9122

Illinois

• 3340 Mall Loop Dr Joliet, IL 60431-1057

Indiana

• 1251 Us Highway 31 N Greenwood, IN 46142-4503
• 6780 W Washington St Indianapolis, IN 46241-2999
• 3401 S Us Highway 41 Terre Haute, IN 47802-4154

Kentucky

• 4807 Louisville-Okolona Outdoor Loop, KY 40219-3200
• 2625 Scottsville Road Bowling Green, KY 42104-4477

Maryland

• 15700 Emerald Way Bowie, MD 20716-2200
• 400 N Center St Westminster, MD 21157-5140
• 10300 Little Patuxent Pkwy Columbia, MD 21044-3341 (end of land)

Massachusetts

• 1235 Worcester Road and Natick, MA 01760 (end of land)

Michigan

• 900 Briarwood Cir Ann Arbor, MI 48108-1618 (end of land)
• 2100 Southfield Road Lincoln Park, MI 48146-2250

Minnesota

• 425 Rice St St Paul, MN 55103-2123
• 12431 Wayzata Boulevard Minnetonka, MN 55305-1925 (end of lot)

Nevada

• 1245 W Warm Springs Road, Henderson, NV 89014-8740

New Hampshire

• 50 Fox Run Rd Ste 74 Portsmouth, NH 03801-2858 (Lands & # 39; End)

New Jersey

• 1500 Highway 35 Middletown, NJ 07748-1831 (Lands & # 39; End)
• 1750 Deptford Center Rd Deptford, NJ 08096-5282 (Lands & # 39; End)

New Mexico

• 6600 Menaul Blvd Ne Ste 700 Coronado, NM 87110-3447

New York

• 75 W Route 59 Ste 100 Nanuet, NY 10954-2701 (Lands & # 39; End)
• 1111 Franklin Ave Garden City, NY 11530-1617 (Lands & # 39; End)
• 600 Lee Blvd. Yorktown Hts, NY 10598-1142
• Rt 394 and Hunt Lakewood Boulevard, NY 14750

North Carolina

• 703 N Berkeley Blvd. Goldsboro, NC 27534-3444
• 400 Cross Creek Mall Fayetteville, NC 28303-7244
• 11033 Carolina Place Pkwy Pineville, NC 28134-8370 (end of land)

Ohio

• 5320 Youngstown Rd Niles, OH 44446

Oklahoma

• 6929 Memorial S Dr Tulsa Woodland Hls, OK 74133-2035
• 9800 Sw Washington Square Rd Washington Sq, OR 97223-4455 (end of land)
• 3201 W Main St Norman, OK 73072-4847

Oregon

• 827 Lancaster Dr. Ne Salem (Lancaster), OR 97301-2929

Pennsylvania

• 880 Butler Street Pittsburgh, PA 15223-1319
• 5522 Shaffer Rd Ste 129 Dubois, PA 15801-3304
• 100 Neshaminy Mall Mall Bensalem / Crnwls Hts, PA 19020-1607
• 2300 E Lincoln Langhrn Hwy / Oxford Vly, PA 19047-1824 (Lands & # 39; End)

Tennessee

• 7600H Kingston Pike West Town, TN 37919-5604 (end of land)
• 2800 N Germantown Prkway Cordova, TN 38133 (end of land)
• 2801 Wilma Rudolph Blvd. Clarksville, TN 37040-5011
• 2100, boul. Hamilton Place Chattanooga, TN 37421-6006

Texas

7508 N Navarro St Victoria, TX 77904-2654
2901 S Capitol Texas Highway Austin / Barton Creek, TX 78746-8101
3450 W Camp South Wisdom Rd Ctr, TX 75237-2504
2501 Irving Mall Irving, TX 75062-5161
6301 Nw Loop 410 Ingram, TX 78238-3824
1000 E 41st Austin, TX 78751-4859
6002 Slide Rd Lubbock, TX 79414-8555
2002 S Expy 83 Harlingen, TX 78552
2605 Preston Rd Frisco, TX 75034-9434

Virginia

• 100 Newmarket Fair Mall Hampton, VA 23605-1406

Washington

• 3500 S Meridian Ste 900 Puyallup, WA 98373-3722

West Virginia

• 9520 Mall Rd Westover / Morgantown, WV 26501-8524

Wyoming

• 701 Se Wyoming Blvd. Casper, WY 82609-4213