May 23, 2017 Comments Off on Sears Closing Another 30 Stores Views: 1255 California News, Top California Stories

Sears Closing Another 30 Stores

Sears plans to close 30 more stores, in addition to the 150 underperforming stores it announced earlier this year it was closing. The latest additions to the list includes 12 Sears stores and 18 Kmart stores.

The list includes three Sears stores in California, including South Bay Pavilion in Carson, Westfield UTC in San Diego, and a store in San Luis Obispo. One Kmart in Anaheim is being closed.

The retailer indicated earlier this year it planned to “strategically and aggressively evaluate” the performance of stores, and would “accelerate the closing of some unprofitable stores.” The company is focusing on its best stores, categories and members.

Sears continues to operate about 1,400 stores. In an effort to stem losses, the company’s strategy has been to close stores, sell real estate assets, borrow and sell brands.

Read more at USA Today


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