I have on very good authority that at least 50 stores, mostly Kmart, will be announced for closure tomorrow afternoon as they wrap up the last liquidation round.
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:)
Sad to say, but this WILL NOT be the last closing announcement this year. there will be another bigger one next month.
Kmart is down to ghetto status almost, no surprise they'd close locations in better areas.
WOW @ Moorestown NJ and Parsippany NJ closing. The stores are profitable. There's no Target or Walmart nearby. And the communities of the store are upper middle income.
Full list: http://searsholdings.com/docs/082417_store_closing_list.pdf
Kenosha was in the last round, a few months back.
I'm on my phone browsing news articles and I see an in-line ad for a Sears Store Closing (discounts at this store only) KENOSHA Pershing Plaza. Not sure if it was previously announced, The Wisconsin WARN site (https://dwd.wisconsin.gov/dislocatedworker/warn/) didn't show it for the last few months.
Hope there is some sears on the list like inland empire. Think this store is done.....
Does anyone know which stores yet? Any in Illinois?
Officially 28, but who knows?
https://www.usatoday.com/story/money/2017/08/24/sears-kmart-store-closures/593906001/
(From the article)
"Sears is betting on a customer loyalty program, Shop Your Way, to help lead a turnaround. "
Say 28 this morning, not 28 this quarter.
It’s 28 Kmart stores. Not 50. Then again they always close more than announced.
News article (CNBC), says 28 closures?
What about Sears stores do you know of any closing?
This is confirmed. Kmart may only have 400 stores left by the end of the year
just saw the announcement on the news
Given a $251 million loss they just reported, I could see even more. But no worries, Eddie will be fine
:-(