Sears at Fair Oaks Mall is closing for good

24 August, 2018, 11:01 | Author: Frank Williams
  • Sears Kmart 0436

Liquidation sales at stores on the new list of closings will start August 30, Sears Holdings said.

Sears Holdings Corp. plans to close 46 more Kmart and Sears locations, further downsizing its bricks-and-mortar imprint nationwide.

The company said in a statement this week that it told employees at those locations that.

One location in MI is on the chopping block: Sears at the Jackson Crossing Shopping Center off I-94 in Jackson. "Eligible associates will receive severance and will have the opportunity to apply for open positions at area Kmart or Sears stores". A Sears store in Santa Cruz is also slated for closure.

More news: Turkish lira weakens as United States warns of new sanctions over detained pastor

Sears Department Store is closing this fall at Bloomington's Eastland Mall. For years, Chief Executive Officer Edward Lampert has used his own money to keep Sears afloat amid declines in store traffic and sales.

The only Michigan store on the list this time around is in Jackson, Michigan. A media release said the stores were "unprofitable".

According to CNN, Sears and Kmart merged in 2005. The company's share prices have fallen 85% over the past year as people shun malls for online shopping.

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