With Sears filing for bankruptcy and so many stores closing, the end may be drawing near for the iconic American retailer. Many of us aren’t ready.
Sears Holdings, currently in bankruptcy proceedings, revealed Friday 80 more Sears and Kmart stores it plans to close in late March 2019, hours before it announced that the hedge fund controlled by Chairman Eddie Lampert made a bid to save the company from liquidating more assets.
The long-embattled retailer, which filed for Chapter 11 bankruptcy protection in October, had already announced the closing of 143 locations by the end of the year and another 40 Sears and Kmart stores set to close in February 2019.
Earlier this month, Lampert had put forward a $4.6 billion proposal to buy the company out of bankruptcy through his hedge fund, ESL Investments. Late Friday, an affiliate of ESL, Transform Holdco LLC, made a bid for Sears that it valued at $4.4 billion.
Without a bidder, Sears Holdings could be forced to liquidate some assets. Last week, the retailer sold its home-improvement service business to Service.com for $60 million. The bid doesn’t guarantee that Sears will survive. The company and its advisers must agree that it is a “qualified” bid. Transform Holdco said in a statement that the company that would emerge from bankruptcy would employ about 50,000 people.
Here is the list of 80 new store closings, according to the court filing. Liquidation sales are expected to begin at these stores in two weeks. (An asterisk indicates a Sears Auto Center closing in late January):
Tucson: 7055 East Broadway
Apple Valley: 20777 Bear Valley Road
Auburn: 2505 Bell Road
Burbank: 1000 San Fernando Road
Santa Maria: 2875 Santa Maria Way
Stockton: 2180 E Mariposa Road
Vernon: 295 Hartford Turnpike
Ellenton: 6126 Hwy 301
Fort Walton Beach: 200 Irwin NE
Peru: 11 Sherwood Square
Metairie: 2940 Veterans Blvd.
Baltimore: 8980 Waltham Woods Road
Rochester: 201 Ninth St. SE
Crystal City: 155 Twin City Mall
Gulfport: 12057 Highway 49 Delmar Plaza
Asheville: 980 Brevard Road
Morehead City: 4841 Arendell St
Morganton: 110 112 Bost Road
Grand Forks: 1900 S Washington St.
Alliance: 1515 W 3rd St.
Toms River: 213 Highway 37 E
Roswell: 1705 S Main St 308 Dix Avenue
Greenwich: 1251 State Rte 29 Ste 1O Greenwich Plaza
Horseheads: 1020 Center Street Grand Central Plaza
Queensbury: 308 Dix Avenue
Wellsville: 121 Bolivar Road
Cleveland: 7701 Broadview Road 620 Plaza Dr 400 N East Circle Blvd.
Fostoria: 620 Plaza Drive
Corvallis: 400 N East Circle Blvd.
Erie: 2873 W 26Th St.
Pittsburgh: 996 West View Park Drive
Sumter: 1143 Broad St.
Rapid City: 1111 E North St.
Kingsport: 1805 E Stone Drive
Sevierville: 217 Forks Of River Pkwy
Spokane: 4110 E Sprague Ave.
Oconomowoc: 1450 Summit Ave.
Colorado Springs: 2050 Southgate Road*
Colorado Springs: 1650 Briargate Blvd.*
Pueblo: 3201 Dillon Drive*
Daytona Beach: 1700 W Intl Speedway Blvd.
Port Charlotte: 1441 Tamiami Trl*
Port Richey: 409 U.S. Highway 19 N Ste 101*
Tallahassee: 1500 Apalachee Pkwy.*
Tampa: 347 Westshore Plz*
Gainesville: 150 Pearl Nix Pkwy*
Sioux City: 4480 Sergeant Road*
Cherry Valley: 7200 Harrison Ave.*
Fairview Heights: 235 Saint Clair Sq.*
Wichita: 7700 E Kellogg Drive
Metairie: 4400 Veterans Mem Blvd.
Salisbury: 2306 N Salisbury Blvd.*
Muskegon: 5500 Harvey St.*
Novi: 27600 Novi Road
Bloomington: 2000 N E Court
Durham: 1620 Guess Road*
Durham: The Streets Of Southpoint*
Lincoln: 6400 O St.*
Omaha: 424 Dodge St.*
Las Vegas: 3450 S Maryland Pkwy*
Rochester: 10 Miracle Mile Drive
Columbus: 5053 Tuttle Crossing Blvd.
Columbus: 1400 Polaris Pkwy*
Springfield: 1475 Upper Valley Pike*
Medford: 501 Medford Ctr*
Altoona: 5580 Goods Lane Ste 1005*
Greensburg: 5256 Route 30*
Lancaster: 200 Park City Ctr*
Goodlettsville: 1000 Rivergate Pkwy
Jackson: 2021 N Highland Ave.
Abilene: 4310 Buffalo Gap Road*
Amarillo: 7701 1-40 W Ste 400*
Killeen: 2100 S W S Young Drive*
Plano: 851 N Central Expwy*
Port Arthur: 3100 Highway 365
Richardson: 201 S Plano Road*
Waco: 6001 W Waco Drive*
Charlottesville: 1531 Rio Road E*
Kennewick: 1321 N Columbia Center Blvd Suite 455*
Appleton: 4301 W Wisconsin Ave.
Follow USA TODAY reporter Mike Snider on Twitter: @MikeSnider.
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