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Another Tampa Sears location to close doors

24 August, 2018, 05:57 | Author: Shawna Walton
  • Grand Junction Sears store to close

Liquidation sales at the stores may start as early as Thursday, Aug. 30. The 24,450-square foot Sears Auto Center, is also listed as available.

No stores in SC are closing; however, a Sears location in Raleigh, N.C.is slated to shut down by late September 2018.

Sears Holdings, which owns Kmart, says it is closing 46 more stores in November, reports CNBC.

Sears is continuing to evaluate its network of stores and "will make further adjustments as needed", their statement reads.

The once-powerful department store giant Sears is suffering tough times.

Sears Holding is shutting more unprofitable Sears and Kmart stores across the country as the struggling retailer tries to clean up its balance sheet. ESL submitted a bid for the store's Kenmore and Sears Home Improvement businesses at a valuation of around $470 million, according to a regulatory filing last week. Other mall anchor stores have closed in recent years including Nordstrom in January 2015 and Mervyn's in 2007. Sears operated 894 stores in total as of May 5.

Sears said the latest closings are part of the company's ongoing efforts to streamline operations, strengthen its capital position, and focus on its best performing stores.

According to the company's first quarter earnings report, which was released in May, the company generated total revenue of approximately $2.9 billion during the first quarter of 2018, compared to revenues of $4.2 billion during the first quarter of 2017.

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