From 425 stores down to less than 90. The first big list of closures was a block of 80 Kmarts. I saw the video compilation and these stores were actually thriving. Why did they close? Were there buyers for all these locations or did they close them because they knew they could not continue to stock them? Not too many more difficult decisions to be made. Would like to contact Corporate as the closed Kmart in my town which was actually busy has fines posted to the door in excess of $2500 for the appearance of the exterior as well as it's grounds which has become a complete eyesore. Ironically the store sign by the road blew out in a storm a week after the closing but at night all the lights are on and some still think the place is open.
10 replies (most recent on top)
I’ll Transform You.
Most of the closures in 2019 came from expiring leases. No matter how a store did, when its lease was up, its life was up.
That big block had a few Sears. Cincinnati closed because the lease was up, not because of underperforming compared to others
What happened you ask? You’re watching it live.
Wow, this is the first time that this subject has been discussed.... great question OP!
There are 56 Hometown stores that are listed for sale. That should speak volumes for the program! Something is VERY wrong when owners decide not to renew their contracts. The program at one time had a little over 1,000 stores, now, maybe 300.
There are still 300 +/- Sears Hometown Stores to bring the total to 390 +/-
They weren't specific on what they meant by "transform" but it's now clear they meant to transform it into a company with no stores.
The transformation was just a dog and pony show by Eddie....Nothing much has changed at Transformco from how Eddie operated Sears Holdings.....He was cutting and slashing and closing stores prior to bankruptcy of Sears Holdings and continues to do the same with Transformco.
The list of Kmarts you reference were leases Eddie chose not to renew, with the exception of one Seritage owned property.