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Sears is closing 26 more Sears and Kmart stores in the US in October, a press release from the retailers' parent company said on Tuesday.
Once the 51 Sears stores and 45 Kmart close, the company will have 182 stores in total left. Take a look at the locations shuttering in the slideshow below: Show comments. Advertisement.
Troubles began as far back as 2002 when Kmart filed for Chapter 11 bankruptcy and announced it would close more than 250 of its then 2,000 stores. Despite acquiring Sears in 2004, forming the ...
Kmart store closing sale in Gillette, Wyoming (store #4863) in 2018; this location is now Hobby Lobby, Ulta Beauty, Shoe Dept. Encore and Harbor Freight Tools. On May 21, 2018, Sears Holdings announced yet another round of liquidation sales in forty Sears and Kmart stores across 24 states. [151] These stores were closed by July 4, 2018.
How many Sears and Kmart stores are left? Not many. The retailers are set to close nine stores, leaving 35 open stores after the closures.
Kresge's and S. S. Kresge (incorporated in 1899), [257] later K-Mart Corporation (headquartered in Troy), then Sears Holdings Corporation is frequently credited with invention of the modern discount department store with the opening of Kmart in 1962. The last Kresge's store in Livonia, Michigan closed in 1987. The chain operated over 2,000 ...
On November 8, 2018, Sears Holdings announced it would close an additional 40 stores, including 11 Kmart and 29 Sears stores. [13] On November 23, 2018, Sears Holdings released a list of 505 stores, including 239 Kmart and 266 Sears stores, that are for sale in the bankruptcy process while all others are currently holding liquidation sales. [14]
By 1976, Kmart had expanded to 1,206 locations and over 2,000 stores by 1981. But by the early 2000s, the company started to falter. It filed for bankruptcy in 2002 and closed 293 stores.