Kmart to close stores in our region

Posted January 07, 2018

It's one of 39 Sears stores and 64 Kmart stores deemed "unprofitable". Sears relaunched its Wish Book catalog online late previous year.

Military Avenue Business Improvement District Executive Director Leah Weycker said Sears has been a staple of west side retail for more than 40 years.

Sears stock closed at $3.58, down 18 cents or 4.79%, on Thursday.

The Illinois-based company, which owns both Sears and Kmart brands, issued a news release Thursday with a list of stores it plans to close by May.

Red Oak Mayor Bill Billings tells KMA News he feels for the 30-some full time and part time employees losing their jobs as a result of the closing. But, they're also closing a store in Urbandale, Iowa.

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"It could be sooner", Rodriguez said of the store's closure.

The decline of Sears Holdings has been swift in recent years.

Macy's shared this information with store associates on earlier today, because they are important to our organization and we wanted to make sure they heard about this change from the company.

Another bleak Hudson Valley January, another iconic brick & mortar store closing. Those chains reported sales growth for the key November and December period.

Sue Gill, 58, of Beachwood, N.J., about a mile from Toms River, said she will miss the Sears there, where she shops at least once a month. "Sears stood for reliability and dependability". "People are changing their style of shopping".

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