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Monday, February 15, 2010

More store closings

Sadly, apparently around 13 more Kmart and 8 Sears stores are going to be closed by May 2010. News has been popping up with Sears closings in North Carolina, New Hampshire (Sears Essentials), Texas, Georgia, Tennessee, Wisconsin and New Jersey (2); and Kmart closings in states including Colorado, Indiana, Kentucky, Washington, Georgia, Texas, and California. No press releases from the company website, though. Either they will release it later or they're trying to keep the bad news more hidden, though there is a PDF with a list of stores closed last year. Still no brand new stores...

Also, the DieHard brand is going to be sold outside of Sears/Kmart stores, to generate more revenues from royalties, etc. Is this the first step in dismantling the Sears portfolio of brand assets? We all know they are not investing in actual store retailing...

Next week: A brief example look at cross-town rival Target!

Update from Chicago Tribune:
Kmart plans to close 13 stores by May 9, including two in Illinois, according to parent Sears Holdings Corp.

The closings were announced to employees earlier this month and include Kmart stores outside Chicago in Woodstock and Crestwood, according to Sears spokeswoman Kimberly Freely.

Among the other stores to close are five Ohio Kmarts in Dayton, Milford, Cleveland, Eastlake and Wadsworth. Also slated to be shuttered are stores in Bremerton, Wash., Longmont, Colo., Cornersville, Ind., Bainbridge, Ga., Jacksonville, Fla., and Austin, Minn.

The Hoffman Estates-based retailer has been gradually closing underperforming Kmart stores for the several years.

Kmart operated 1,343 stores nationwide as of Oct. 31, down, from 1,378 stores as of Nov. 1, 2008. There were 1,445 Kmart stores 2005, the year that Kmart acquired Sears.

Separately, Sears is cutting 60 jobs at its Dodgeville, Wis.-based Lands' End division, announced internally in January, Freely said.

Also, Sears will franchise new Sears Auto Centers, with the first one opening soon in New Jersey.

12 comments:

  1. Sears will release a list when they announce earning Feb 23rd.

    Ohio Kmart closings came out today 5 in total

    Milford, Dayton, Cleveland, Wadsworth and Eastlake.


    http://cincinnati.bizjournals.com/cincinnati/stories/2010/02/15/daily24.html?ana=yfcpc

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  2. when will they announce the stores closing in California..we should have a right to know if our jobs are in jeopardy and have time to prepare for this!! concerned employee in california.........manteca to be specific!

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  3. I live in Tullahoma Tennessee do you know if that store is being closed?

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  4. good, let them all close........

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  5. FROZEN FOOD THAWED1 BATTERYS LEAK2 CELL PHONE HOLDER IS NOT REPLACEABLE3 CANT BUY ONE SCOKET4 SUPPER GLUE IS HARD IN BOX5 AVACOTOS ROTTED ON SHELF6 BILL JACK DOG FOOD ROTTED IN PACKAGE7 PRICES TO HIGH8

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  6. I think that it is really good, I have been searchingHi! I've seen the exhibition. Great idea and really lovely work! You've managed to gather a beautiful compilation of absolutely gorgeous crochet work. Thanks!
    many thing about it in my life!!

    ReplyDelete
  7. The Philadelphia market would be alot better if they got a new DM instead of the fat childest kid.He covers center city store.He always yells every time i'am there at the workers.Take that behind closed doors not on the floor

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  8. I only see a few cars at the Sears stores Near me, But the Kmarts stores are always busy and in good locatition not near malls in busy shopping centers. The Sears store are attached to malls, Recently malls near by have become dead. However I have only saw Kmart stores shuttered.

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  9. close em all


    they are all crappy/crappy terrible service

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  10. I know the k-mart and Sears store in Barberton Ohio is hardly ever busy wonder if they will close this one too , it cant be to profitable ...just saying ???

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  11. close them all , i hardly ever go there they have the worst checking out than any store in town, they will be so busy and have only one register running and line so long most of the time i just lay my stuff down and walk out, so i quit going to k mart

    ReplyDelete

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