https://www.usatoday.com/story/money/2019/08/06/sears-and-kmart-store-closings-2019-26-stores-close-october/1940039001/
10 replies (most recent on top)
I don't think 100+ will be announced in the next 2 to 4 weeks. I would say a more likely estimate will be another 20 or 25 around the middle to end of October after this most recent group finishes their liquidations at the end of September or early October. Or the next sizeable group might not come until November/December with a handful coming during October/early November. I don't think they would want to undertake a large group of liquidations starting while the previous 26 were still in liquidation.
About 100 + more store closing’s coming in next 2 to 4 weeks.
@1yrw. You are right. Expect my closing announcements the end of September first of October. That's what Eddie did last year right before bankruptcy.
They have to avoid flooding the market with real estate, because that will lower the prices they're able to get when they sell the property to developers. Thus, they're selling off the stores in small batches.
@gmg Any Sears or Kmart store over 15,000 square feet and any 2 or 3 story store is considered "BIG."
it is all- about selling off the RE a bit at a time
@10q2USg6-zan How many "big" stores are left from both store chains? Do they mean "Big Kmarts"?
He also made it very clear that he is closing all the big stores. After the 4th quarter it's going to be a bloodbath,
So much for saving jobs, right?
Kind of late to the party... posted and discussed all day.... Yesterday.