which sears stores are closing?
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Sears to close 78 stores this summer Sears to close 78 stores this summer. Sears Holdings Corp. will close another 78 stores —68 Kmart units, and 10 Sears stores — as it looks to restore profitability. That accounts for about 5 percent of its store base, which is nearly 1,700 stores.
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Younker's Store in Superior to Close A company spokesperson says about 33 people work at the Superior store. Younker's is the last major anchor retailer in the Mariner Mall. The mall still has numerous smaller retailers, including a Sears Hometown store. The closure comes two years after Target and Kmart closed their stores in Superior.
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Almost 80 Sears, Kmart stores closing before Christmas, Utah store included Local store among 77 Sears & Kmart locations closing, mostly by Christmas. This is an archived article and the information in the article may be outdated. Please look at the time stamp on the story to see when it was last updated. NEW YORK (CNNMoney) — Sears is closing 77 Sears and Kmart stores and cutting 5,300 jobs. And that’s not even the worst news. The fact that most of these stores will close before Christmas is akin to raising a white flag, since holiday sales are the lynchpin for any retailer’s entire year.
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Shadow economy â definition and meaning In countries where the shadow economy is large in proportion to total GDP, government revenue is low. This means that either public services are poor, or those in the formal economy are taxed at a higher rate. The problem is that high taxation rates encourage people to stay ‘below the radar’.
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After challenging holiday, Sears to speed up store closings Comparable-store sales in the fourth quarter dropped by 6.9 percent at Sears and by 7.2 percent at Kmart, which the also company owns. While the quarter, which contains the critical shopping season, was better compared with the previous three quarters, overall same-store sales fell by 9.2 percent in 2015, with Sears stores leading the decline.
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See whether your local Sears or Kmart is shutting down See whether your local Sears or Kmart is shutting down. Sears is struggling. The chain's same-store sales, or sales at stores open at least a year, dropped 6.9% in the most recent quarter. They fell 7.2% at Kmart, which Sears owns. Sears is now trying to stem the losses from underperforming stores by speeding up its store closings.
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- Sears. 1  Staten Island Mall, Staten Island, New York: Sears Auto Center only (closing February) 2  Mount Berry Mall, Rome, Georgia: Sears and Auto Center (closing March) 3  Birchwood Mall, Fort Gratiot, Michigan: Sears and Auto Center (closing April)  San Mateo, California (closing April)
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Almost 80 Sears, Kmart stores closing before Christmas, Utah store included Sears is closing 77 Sears and Kmart stores and cutting 5,300 jobs, including a location in Utah. The state will lose a Kmart location in Wood Cross at 680 W. 2600 S. in early December.
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21 sad photos of dead and dying Kmart stores Follow Business Insider: Nicholas Eckhart. Kmart is in trouble. Sears Holdings, Kmart's parent company, has closed more than 300 Sears and Kmart stores since 2010, and the company has announced plans to close at least another dozen Kmart stores within the first half of 2014.
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Sears CEO Lampert explains why he closed 200 stores (Sears has done similar deals with chains such as Whole Foods Market WFM, Dick’s Sporting Goods DKS, Nordstrom Rack JWN, Forever 21, Corner Bakery, West Elm (which is owned by Williams-Sonoma WMS), and German grocer Aldi.).
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Cupertino Sears is set to close; liquidation now in progress The Sears at Cupertino's Vallco Shopping Mall will close in early October, a company representative confirmed on Monday, and a liquidation sale has already begun. The store's closure is not a surprise; it's been known since last October that Sears would eventually shut down.
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Sears, Kmart Closing At Least 50 Stores, Including 3 Ohio Locations Sears, Kmart Closing At Least 50 Stores, Including 3 Ohio Locations. Published: 02/10/16 08:32 am EST. Updated: 02/10/16 11:25 am EST. HOFFMAN ESTATES, Ill. MONEYWATCH via CBS NEWS -- Sears Holdings is speeding up efforts to shutter about 50 unprofitable stores after warning its fourth-quarter revenue would come in short of expectations.
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Sears Canada to close 5 stores including Eaton Centre flagship location Mann also pointed to the troubles that Sears Holdings Corp. is having in the United States, where it said Tuesday it would consider separating its Lands’ End and Sears Auto Center businesses from the rest of the company. Sears Holdings said it would likely pursue a spinoff of Lands’ End and not a sale. Despite the challenges in Canada, the sale of leases is part of Sears’ turnaround strategy, said Doug Campbell, who replaced McDonald as CEO.
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See a List of All 2015 Retail Store Closings Radio Shack, Sears, Target, Wet Seal, Office Depot, and Barnes & Noble are just some of the largest U.S. retail chains that have announced store closings and downsizing plans for the calendar year of 2015.
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Full list of J.C. Penney store closings Two major department stores are closing in the Dayton region as J.C. Penney (NYSE: JCP)… more. Victor J. Blue. The closings leave behind major vacancies in the malls, which may have to reinvent themselves to fill those spaces. The full list of closures is below.
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- The latest casualty: Outdoor goods retailer Gander Mountain. The company filed for Chapter 11 bankruptcy protection and has announced it will close 32 of its 162 stores. The stores set to close are in 11 different states. Related: Here is a list of the Gander Mountain stores set to close: Alabama – Gadsden, Mobile, Montgomery, Tuscaloosa. 540 E Meighan Blvd, Gadsden, AL 35903.
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Eddie Lampert's incredible shrinking Sears empire Yet, truth is that even after years of store closings, including 234 stores last year, Sears Holdings still runs 1,700 stores under both its banners, so brick-and-mortar is still key to its viability. Many analysts say Sears has not done a good job of updating its stores, letting too many fall into near disrepair. (To be fair, it has made some investments—last year, it replaced paper signs with over 100,000 digital signs across 300 of its best Sears stores.).
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Kmart and Sears to close four more Michigan stores Story Highlights. 1  Sears Holdings will close a total of 12 Kmart and Sears stores in Michigan over a six month period. 2  Sears Holdings declines to say how many stores it plans to close nationally. 3  The retailer, which traces its roots back to Detroit in 1899, was acquired by Sears in 2004.
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Sears, last store at Waterfordâs Summit Place Mall, to close Customers and employees at the Waterford Township Sears store on Telegraph Road are considering where they will shop and work after officials announced the store will close its doors in early December.
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Sears, Kmart Closing 30 Stores: Here's a List of Most of Them Contact|. Print|. A A. Sears and Kmart will be closing 30 more stores in 2017 as the two retailers watch sales and revenue continue to spiral down. Sears Holdings, which owns both retailers, informed its employees on Tuesday that it will be closing the stores in several states by early 2017, said Business Insider.
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Sears Closing Hundreds Of Stores, Many Kmart Stores Going Out Of Business As Well — Scott Lasley (@scottiehutch) June 6, 2014. There are approximately 1,870 stores nationwide, including 1,077 Kmart stores and 793 Sears stores. While only 235 are slated to close before the end of 2014, there may be more closings to come.
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Sears future may include slimmed down stores Sears Holdings closed 234 stores last year. At the end of its fiscal year Jan. 31, Sears Holdings operated 1,725 stores, including Sears, Kmart and Sears Auto Centers, 684 of them in properties it owns. That's down from 3,949 stores at the end of its 2010 fiscal year.
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Sears is closing a whole bunch of Kmart stores Sears did not respond to Business Insider's request for comment. Separately on Friday, Seritage Growth Properties, a real-estate-investment trust that owns 235 Sears and Kmart stores, revealed in a filing that Sears had decided to terminate leases on 17 stores, meaning it would close those stores.
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3 Sears/Kmart Stores Closing In Indiana Sears Holdings released a list of 79 Kmart and Sears stores that will close as part of the company‘s plan to shutter up to 120 stores. There is no word yet on an exact timetable for the closings. No stores are closing, at least not yet, in neighboring Illinois. Less than two weeks ago, the Illinois legislature essentially exempted sears holdings from a huge tax increase that‘s hitting other businesses in that state in an effort to keep the company from moving its headquarters out of Chicago.
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Closing of 27 Kmart, Sears Stores Follows News of Macy's Cutbacks Closing of 27 Kmart, Sears Stores Follows News of Macy's Cutbacks. More ways to share... More than two dozen Kmart stores will be closing this spring, with liquidation sales beginning later this month, a Sears Holding Corp. spokesman told the Detroit Free Press.
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Sears & Kmart Closing 77 More Stores, Iowa Stores on List In Iowa, the Kmart stores in Clive and Ames will close, along with the Sears in Fort Dodge. Fitch recently downgraded Sears Holdings to just above default status, suggesting the company may not have cash to continue beyond 2016. Standard & Poor’s may do the same.