Sears Holdings To Close Local Store

Saturday, April 23, 2016

 

Sears Holdings announces that the company will close 68 Kmart and 10 Sears stores this summer including the Sears at Quintard Mall in Oxford. In February, the company said that it would accelerate the closing of unprofitable stores. Today's announcement follows a comprehensive evaluation of the company's store portfolio that took into account historical and recent store performance, and the timing of lease expirations. All of the Sears stores and nearly all of the Kmart stores will close in late July; two Kmart stores will close in mid-September. Eligible associates impacted by these store closures will receive severance and will have the opportunity to apply for open positions at area Kmart or Sears stores. The closing Sears stores will start its liquidation sale on April 29TH.

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