undergroundnewsroom.com
undergroundnewsroom.com January 23, 2018


Red Oak K-Mart on latest list of Sears cutbacks

06 January 2018, 02:41 | Ruben Stone

Red Oak K-Mart on latest list of Sears cutbacks

Red Oak K-Mart on latest list of Sears cutbacks

It acquired Kmart in 2003 and combined the two stores under Sears Holdings two years later. The store will close in early April.

This is the latest in a round of closings of Sears and Kmart aimed at getting the company on solid financial footing.

The new round of closures comes after Sears announced it would close 250 stores past year, including the Malone location.

Kmart in Mandeville will shut down in early April as part of countrywide closures by Sears Holdings Corp., company officials announced. A company statement reported that store closures accounted for more than half of the decline.

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Liquidation sales will begin as early as January 12. The rise of e-commerce competition is cited as a major cause of the scaled-down operations.

In 2006, the company operated more than 3,000 locations in US and a few hundred in Canada.

The company also announced that 39 Sears stores will close.

During the most recent closings, the company shuttered Kmarts in Whitehall and South Whitehall Townships.



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