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Kmart in Devils Lake set to close early April

Kmart in Devils Lake set to close early April

The store is among 39 Sears stores and 64 Kmart stores slated for closure in March and April.

Sears Holdings announced a new list of Kmart and Sears stores closing as they plot a strategy for the company's future. The department store opened in Prices Corner in 1963. Closeout sales begin at affected locations next week. This marked the second time Sears chose to close stores it sold off to Seritage in 2015.

As the rise of e-commerce spearheaded by Amazon and Walmart continues, businesses like Sears Holdings aren't keeping up. After this round of closures, Sears will have less than 940 stores.

The trend is one that's continuing for Sears.

The majority of jobs lost to the closures are part-time positions, according to Sears Holdings. Now, that number is closer to 1,000. The Sears at 693 Stillwater Ave.in Bangor, the only store in ME on the list, is scheduled for closure in early April.

Читайте также: Jimmy Iovine reportedly leaving Apple in August

"This closing opens up the door for some redevelopment so we have the opportunity to reinvent this anchor store, and help reinvigorate the Houston Galleria", Hogan said.

Sears has been selling off some its real estate and brands as it tries to raise cash. Macy's and J.C. Penney have also been shuttering hundreds of stores.

Sears has seen its sales decline 45 percent since early 2013.

Macy's announced in August it was closing 100 stores, with the remaining 11 stores closing in the first quarter of this year. "Sears stood for reliability and dependability". "People are changing their style of shopping".

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