Sears Holdings Corp. provided an updated list of the 78 Sears and Kmart stores that will close in September, with liquidation sales at the last 10 stores announced to begin as early as July 13.
Its stock SHLD, -1.27% tumbled 16% in June, and has plunged 73% over the past 12 months. In comparison, the SPDR S&P Retail exchange traded fund XRT, -0.19% has rallied 19% over the past year and the S&P 500 index SPX, +0.31% has gained 12%.
Sears said at the end of May, in its fiscal first-quarter earnings report, that it had identified 100 “non-profitable” stores, and that it would begin closing 72 of those stores in the coming months. The company initially provided a list of 63 stores it would begin closing in early September, updated that list to 68 stores in early June, and added 10 more stores to the list last week that will begin closing in late September.
On June 28, Sears informed the employees of the following 10 stores—1 Kmart store and 9 Sears stores—that they will be closing in late September. Liquidation sales of these stores will begin as early as July 13....
|Sears||6000 Mowry Ave.||Newark||California|
|Sears||145 W. Hillcrest Dr.||Thousand Oaks||California|
|Sears||451 E. Altamonte Dr.||Altamonte Springs||Florida|
|Sears||300 W. 14 Mile Rd.||Troy||Michigan|
|Kmart||3180 Highway 2 West||Havre||Montana|
|Sears||4155 State Route 31||Clay||New York|
|Sears||4400 S. Western Ave.||Oklahoma City||Oklahoma|
|Sears||1401 Greenbrier Pkwy.||Chesapeake||Virginia|
|Sears||4588 Virginia Beach Blvd.||Virginia Beach||Virginia|