قالب وردپرس درنا توس
Home / Business / Sears will start liquidation sales in these 26 stores next week

Sears will start liquidation sales in these 26 stores next week



Transform Holdco, the company formed in January to buy the remaining assets of bankrupt retailer Sears Holdings Corp., said it will begin "liquidation sales" next week in 26 stores that will close in late October.

format closures include 21 Sears stores in 15 states and 5 Kmart stores in 3 states and Puerto Rico.

“After carefully reviewing where we are today, we believe the right course for the company is to accelerate the expansion of smaller store formats that include opening more Home and Life stores and adding hundreds of Sears Hometown stores after The Sears Hometown and Outlet transaction is closed, Transform Holdco said in a statement. "Following these steps, we will continue to evaluate our network of Sears and Kmart stores and cannot exclude further store closures in the near term."

Transform Holdco had made an offer to purchase the entire Sears Hometown & Outlet Store stock that was not already owned by former Sears CEO Eddie Lampertsbierg hedge fund, ESL Investments Inc. and its affiliates.

Shares of Sears

SHLDQ, -3.02% ,

who filed for bankruptcy in October 2018, have fallen 36.6% so far today through Thursday and 68.2% over the past 12 months. In comparison, SPDR S&P Retail is a listed fund

XRT, -2.07%

has gained 0.3% this year and the S&P 500 index

SPX, -1.14%

has advanced 17.2%.

Here are the stores that are closing:

Store Street address City State
Kmart 1625 W. Redlands Redlands California
Kmart [19659015] 14011 Palm Dr. Desert Hot Springs California
Kmart 159 Wilbraham Rd. Palmer Massachusetts
Kmart ] 975 Fairmount Ave. Jamestown New York
Kmart Puerto Rico Hwy 3 Plaza Guayama Guayama Puerto Rico
Sears * 2500 Riverchase Galleria Birmingham Alabama
Sears * Somersville Rd. Antioch California
Sears * 8501 W. Bowles Ave. Littleton Colorado
Sears * 6200 20th St. Vero Beach Florida
Sears * 901 US 27N Sebring Florida [19659014] Sears * 3700 A tlanta Hwy Ste 270 Athens Georgia
Sears * 5 Stratford Square Bloomingdale Illinois
Sears * 2300 Southlake Mall Merrillville Indiana
Sears * 6501 Grape Rd. U.S. 23 Mishawaka Indiana
Sears * 6901 Security Sq. Blvd. Baltimore Maryland
Sears * 6780 S. Westnedge Ave. Portage Michigan
Sears * 4900 Fashion Square Mall Saginaw [19659015] Michigan
Sears * 18777 E. 39th St. S Independence Missouri
Sears * 3 Mid Rivers Mall Drive St. Peters Missouri
Sears 330 Siemers Dr. Cape Girardeau Missouri
Sears * 600 Richland Mall Mansfield Ohio
Sears * [19659015] 1101 Melbourne Rd. Hurst Texas
Sears * 10000 Emmet F. Lowry Expy Texas City Texas
Sears * 4812 Valley View Blvd NE Roanoke [19659015] Virginia
Sears * 4700 N. Division St. Spokane Washington
Sears * 100 Huntington Mall Rd. Barboursville West Virginia
Transform Co.
* Sears Auto Centers in these stores will close in late August

Source link