{"id":1004142713,"date":"2016-04-26T06:00:37","date_gmt":"2016-04-26T14:00:37","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004142713"},"modified":"2022-12-08T03:10:18","modified_gmt":"2022-12-08T11:10:18","slug":"78-kmart-and-sears-stores-to-close-in-july-and-september-nationwide","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/78-kmart-and-sears-stores-to-close-in-july-and-september-nationwide\/","title":{"rendered":"78 Kmart and Sears Stores to Close in July and September Nationwide"},"content":{"rendered":"<p><em>By Alexandra Pacurar, Associated Editor<\/em><\/p>\n<p><a href=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2016\/04\/kmart-sears.jpg\" target=\"_blank\" rel=\"noopener\"><img loading=\"lazy\" decoding=\"async\" data-attachment-id=\"1004142717\" data-permalink=\"https:\/\/www.commercialsearch.com\/news\/78-kmart-and-sears-stores-to-close-in-july-and-september-nationwide\/kmart-sears\/\" data-orig-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2016\/04\/kmart-sears.jpg\" data-orig-size=\"400,400\" data-comments-opened=\"1\" data-image-meta=\"{&quot;aperture&quot;:&quot;0&quot;,&quot;credit&quot;:&quot;&quot;,&quot;camera&quot;:&quot;&quot;,&quot;caption&quot;:&quot;&quot;,&quot;created_timestamp&quot;:&quot;0&quot;,&quot;copyright&quot;:&quot;&quot;,&quot;focal_length&quot;:&quot;0&quot;,&quot;iso&quot;:&quot;0&quot;,&quot;shutter_speed&quot;:&quot;0&quot;,&quot;title&quot;:&quot;&quot;,&quot;orientation&quot;:&quot;0&quot;}\" data-image-title=\"kmart-sears\" data-image-description=\"\" data-image-caption=\"\" data-large-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2016\/04\/kmart-sears.jpg?w=400\" class=\"alignright wp-image-1004142717 size-medium\" src=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2016\/04\/kmart-sears.jpg\" alt=\"kmart-sears\" width=\"300\" height=\"300\" srcset=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2016\/04\/kmart-sears.jpg 400w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2016\/04\/kmart-sears.jpg?resize=150,150 150w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2016\/04\/kmart-sears.jpg?resize=300,300 300w\" sizes=\"auto, (max-width: 300px) 100vw, 300px\" \/><\/a><\/p>\n<p><strong>Hoffman Estates, Ill.<\/strong>\u2014<a href=\"https:\/\/searsholdings.com\/\" target=\"_blank\" rel=\"nofollow noopener\">Sears Holdings Corp.<\/a> has announced that 68 <a href=\"https:\/\/www.kmart.com\/\" target=\"_blank\" rel=\"nofollow noopener\">Kmart<\/a> and 10 <a href=\"https:\/\/www.sears.com\/\" target=\"_blank\" rel=\"nofollow noopener\">Sears<\/a> stores across the U.S. will close in late July, with a few exceptions scheduled to end activity in mid-September. This resolution came after an evaluation of each commercial unit\u2019s performance and the timing of lease expirations.<\/p>\n<p>\u201cThe decision to close stores is a difficult but necessary step as we take aggressive actions to strengthen our company, fund our transformation and restore Sears Holdings to profitability\u201d, said Edward Lampert, Chairman &amp; CEO of Sears Holdings, in a prepared statement.<\/p>\n<p>The Illinois-based company hopes to gain consistent financial resources from the liquidation of the stores\u2019 inventory and the sublease or <a href=\"https:\/\/www.commercialsearch.com\/news\/heslin-holdings-acquires-kmart-retail-space-for-4-4m\/\" target=\"_blank\" rel=\"noopener\">sale of available commercial spaces<\/a>. Sears Holdings has already obtained a $1.2 billion loan to be invested in the modernization process of their <a href=\"https:\/\/www.commercialsearch.com\/news\/retail\/\" target=\"_blank\" rel=\"noopener\">retail<\/a>\u00a0assets, just another step in reaching their goal for this year: making profit. \u201cThrough our continued investments in Integrated Retail, our stores are a critical component of our strategy as we provide our members with industry-leading innovations such as Meet with an Expert, In-Vehicle Pickup and Return and Exchange in Five\u201d, Lampert said.<\/p>\n<p>The targeted stores will start their liquidation sales on April 29<sup>th<\/sup>, and onMay 12<sup>th<\/sup>\u00a0respectively. Associates affected by these measures will receive compensations and will have the opportunity to apply for open positions at other Kmart or Sears stores in their area which will remain open. Customers can use the store locator function on the company\u2019s websites to find the location of their nearest Kmart and Sears stores.<\/p>\n<p>Sears Holding Corp. is an integrated retailer which operates through its subsidiaries, including Sears and Kmart Corp., and is also home to shopping platform Shop Your Way.<\/p>\n<p><em>Image courtesy of Kmart<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Nearly 80 Kmart and Sears stores will shut down this summer.<\/p>\n","protected":false},"author":236,"featured_media":1004142717,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[23891,21742,21785,21749],"tags":[],"class_list":["post-1004142713","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-national","category-latest","category-property-management","category-retail"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v28.0 (Yoast SEO v28.0) - 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