It’s a storyline that consumers have become all too used to over the past few years: Sears and Kmart are closing more store locations.
After being snatched up by former CEO Eddie Lampert earlier this year for $5.2 billion, Sears has continued to struggle financially. On Wednesday, new parent company Transform Co. said that it would be closing 21 Sears locations and 5 Kmart locations that have been unable to meet sustainable productivity levels.
“Our goal remains to return the company to profitability and preserve as many jobs as possible in the communities we serve,” the company said in a statement.
Liquidation sales for the affected stores are slated to begin in the coming weeks, with closures scheduled to begin in late October. Below is a full list of the closing locations:
Sears -- 2500 Riverchase Galleria, Birmingham
Sears -- Somersville Road, Antioch
Kmart -- 1625 W Redlands Blvd., Redlands
Kmart -- 14011 Palm Drive Desert, Hot Springs
Sears -- 8501 W Bowles Avenue, Littleton
Sears -- 6200 20th Street, Vero Beach
Sears -- 901 US 27 North, Sebring
Sears -- 3700 Atlanta Hwy Suite 270, Athens
Sears -- 5 Stratford Square, Bloomingdale
Sears -- 2300 Southlake Mall, Merrillville
Sears -- 6501 Grape Rd US 23, Mishawaka
Sears -- 6901 Security Sq Blvd, Baltimore
Kmart -- 159 Wilbraham Road, Palmer
Sears -- 6780 S. Westnedge Avenue, Portage
Sears -- 4900 Fashion Square Mall, Saginaw
Sears -- 18777 E. 39th St South, Independence
Sears -- 3 Mid Rivers Mall Drive, St Peters
Sears -- 330 Siemers Drive, Cape Girardeau
Kmart -- 975 Fairmount Avenue, Jamestown
Sears -- 600 Richland Mall, Mansfield
Kmart -- Highway 3 Plaza, Guayama
Sears -- 1101 Melbourne Road, Hurst
Sears -- 10000 Emmett F. Lowry Expressway, Texas City
Sears -- 4812 Valley View Blvd NE, Roanoke
Sears -- 4700 N. Division Street, Spokane
Sears -- 100 Huntington Mall Road, Barboursville
Sears not immune to retail apocalypse
Of course, underperforming stores are not just an issue for Sears alone. Brick-and-mortar retailers across the U.S. have struggled to keep up as consumers increasingly turn to online channels to order items.
Earlier this week, Barneys New York filed for Chapter 11 bankruptcy and announced that it would be closing many of its locations in an attempt to return to profitability. Similar actions taken by Payless and Toys “R” Us also underscore the pervasive problem for American retail giants.
Eddie Lampert stated back in February that company officials would try to shake things up by shrinking the size of Sears and Kmart stores. The executive said that future stores will be about a third of the size of previous stores and focus more on tools and appliances and less on apparel.