Sears to start liquidation sales at these 26 stores next week


Transform Holdco, the company formed in January to buy the remaining assets of bankrupt retailer Sears Holdings Corp., said it will begin “liquidation sales” next week in 26 stores that will close in late October.

The large-format store closures include 21 Sears stores in 15 states and 5 Kmart stores in 3 states and Puerto Rico.

“After careful review of where we are today, we believe the right course for the company is to accelerate the expansion of our smaller store formats which includes opening additional Home & Life stores and adding several hundred Sears Hometown stores after the Sears Hometown and Outlet transaction closes,” Transform Holdco said in a statement. “Following these steps, we will continue to evaluate our network of Sears and Kmart stores and cannot rule out additional store closures in the near term.”

Transform Holdco had made a bid to buy all of the Sears Hometown & Outlet Store stock that wasn’t already owned by former Sears Chief Executive Eddie Lampert’s hedge fund, ESL Investments Inc. and its affiliates.

Shares of Sears

SHLDQ, +0.57%,

which filed for bankruptcy in October 2018, have tumbled 36.6% year to date through Thursday and 68.2% over the past 12 months. In comparison, the SPDR S&P Retail exchange-traded fund

XRT, -2.26%

 has gained 0.3% this year and the S&P 500 index

SPX, -0.66%

 has advanced 17.2%.

Here’s where the stores that are closing are located:

Store Street address City State
Kmart 1625 W. Redlands Redlands California
Kmart 14011 Palm Dr. Desert Hot Springs California
Kmart 159 Wilbraham Rd. Palmer Massachusetts
Kmart 975 Fairmount Ave. Jamestown New York
Kmart Puerto Rico Hwy 3 Plaza Guayama Guayama Puerto Rico
Sears* 2500 Riverchase Galleria Birmingham Alabama
Sears* Somersville Rd. Antioch California
Sears* 8501 W. Bowles Ave. Littleton Colorado
Sears* 6200 20th St. Vero Beach Florida
Sears* 901 U.S. 27N Sebring Florida
Sears* 3700 Atlanta Hwy Ste 270 Athens Georgia
Sears* 5 Stratford Square Bloomingdale Illinois
Sears* 2300 Southlake Mall Merrillville Indiana
Sears* 6501 Grape Rd. U.S. 23 Mishawaka Indiana
Sears* 6901 Security Sq. Blvd. Baltimore Maryland
Sears* 6780 S. Westnedge Ave. Portage Michigan
Sears* 4900 Fashion Square Mall Saginaw Michigan
Sears* 18777 E. 39th St. S Independence Missouri
Sears* 3 Mid Rivers Mall Drive St. Peters Missouri
Sears 330 Siemers Dr. Cape Girardeau Missouri
Sears* 600 Richland Mall Mansfield Ohio
Sears* 1101 Melbourne Rd. Hurst Texas
Sears* 10000 Emmet F. Lowry Expy Texas City Texas
Sears* 4812 Valley View Blvd NE Roanoke Virginia
Sears* 4700 N. Division St. Spokane Washington
Sears* 100 Huntington Mall Rd. Barboursville West Virginia
Transform Co.
*The Sears Auto Centers at these stores will close in late August

Source : MTV