"They are slated to start liquidation sales in these stores as early as January 12th". The retail giants have announced several rounds of closings in the a year ago as they find ways to "right-size our footprint in number and size", Sears Holdings said in the Thursday news release.
The company said eligible workers will receive severance and have the opportunity to apply for open positions at nearby stores. Midland, Austin, and Houston will all see one Sears location close while Portland, TX will see it's Kmart close.
On the mall's east end, the former Sears building's upper floors will house a 14-screen movie theater encased in glass.
Attention, Kmart (and Sears) shoppers in the Sacramento region: Carry on. No Sears stores in Pennsylvania were affected then. A Sears store in Waterloo, Iowa is also closing its doors.
2 more Kmarts in Michigan to close by early April
Sears shares dropped more than 60 percent over the past 12 months, including a 4.5 percent drop Thursday. Santa Clarita will close in mid-March, while the other two will close in April. So, just to say it's just the small stores is not exactly the case.
Sears closed in Macon Mall in 2011.
Seritage's growth strategy is based on taking space away from Sears.
Sears Holdings Corp. will be closing over 100 more stores as the struggling department store chain tries to turn around its business. The Harrisburg and Enola-area stores are among 64 Kmart stores that are closing. It continues to test smaller store formats it hopes will lead to "specialized integrated retail experiences".