Closing of 27 Kmart, Sears Stores Follows News of Macy's Cutbacks

[thelakelander]

More than two dozen Kmart stores will be closing this spring, with liquidation sales beginning later this month, a Sears Holding Corp. spokesman told the Detroit Free Press.

Company spokesman Howard Riefs declined to tell the Free Press the number of stores that would be closing, but added that the closures would be nationwide and include some Sears stores as well.

Full article: http://www.newsmax.com/TheWire/kmart-sears-closings-macys/2016/01/14/id/709456/

[Dapperdan]

Sears is s sinking ship. They have done absolutely zero to update their stores ( Kmart or Sears) and they look like they are stuck in decades past. I swear the Sears in Orange Park looks exactly the same way it did when I was there as a kid. Don't see much hope for them unless they drastically change.

[spuwho]

Sears is s sinking ship. They have done absolutely zero to update their stores ( Kmart or Sears) and they look like they are stuck in decades past. I swear the Sears in Orange Park looks exactly the same way it did when I was there as a kid. Don't see much hope for them unless they drastically change.

Agreed. Sears Holdings is a sinking ship. Their biggest asset is their real estate now.

Its amazing how ahead of the curve they were at one time, they had online shopping on their ISP, Prodigy years before the internet became a commodity.

Now they have become a dividend machine for institutional investors who demand no risk taking.  They will continue to dwindle until they go BK and sell the real estate in foreclosure to pay the final bill.

[fsujax]

Soon to be going the way of Service Merchandise....who remembers that store and their catalogs?

[spuwho]

Soon to be going the way of Service Merchandise....who remembers that store and their catalogs?

Oh yeah. Them and McDades.

[fsquid]

Soon to be going the way of Service Merchandise....who remembers that store and their catalogs?

used to mark up those catalogs and the wish book from Sears for Xmas as a kid.

[coredumped]

Sad, once the nations largest employer. And now we see Walmart closing stores, nobody stays on top forever.
I hope they can turn it around, they're the only bargain department store. But I think they made a big mistake making a lot of their craftsman tools outside of the United States.

[fsujax]

Empty big boxes soon to be all over the country, now with Walmart's announcement today.

[nrinjax]

The Walmart store closings are mostly underperforming stores including their Walmart Express, Sam's Clubs, Neighbourhood Grocery and some overseas locations, including Brazil, with only a handful of big box stores impacted in the US.  Not to worry because they are opening 69 new big box stores in January alone.  Walmart is still on top unfortunately!

Heres a link to a listing with a map - nothing in JAX  http://qz.com/595877/heres-a-list-and-map-of-all-the-walmart-store-closings-in-the-us/

[Ocklawaha]

It's a Natural cycle with discount/department stores, some really great shopping experiences have come and gone from our doorstep.

"One of these days and it won't be long
you'll look for me and baby I'll be gone..." 


STORE/CHAIN - CLOSING/PURCHASE

COHEN BROTHERS - 1959
ZAYRE - 1990
AMES - 2009
BURDINES - 2004
FALKS - 1981
FURCHGOTTS - 1985
GOLD TRIANGLE -  1981
BIG K (Not K-Mart Related) - 1988
TWO GUYS - 1982
TG&Y - 1986-2001
J B IVEYS - 1990
JORDAN MARSH - 1991
J. M. FIELDS - 1978
KRESGE - 1977
MAY-COHEN - 1987
PARISIAN - 2007 (2013 in MI)
ROBINSONS - 2015
GAYFERS - 1998
WOOLCO -  1983
W. T. GRANT'S - 1976
PIC-N-SAVE DRUGS - 2002
BULLOCK'S - 1993
MC CRORY'S - 1997
FOLEY'S - 2006
G. C. MURPHY'S - 1997-2001
BEN FRANKLIN - Chapter 7
WOOLWORTH - 2001

[spuwho]

We used to shop at a store called Jupiter.

It was owned by Kresges but sized for small towns.

[civil42806]

It's a Natural cycle with discount/department stores, some really great shopping experiences have come and gone from our doorstep.

"One of these days and it won't be long
you'll look for me and baby I'll be gone..." 



STORE/CHAIN - CLOSING/PURCHASE

COHEN BROTHERS - 1959
ZAYRE - 1990
AMES - 2009
BURDINES - 2004
FALKS - 1981
FURCHGOTTS - 1985
GOLD TRIANGLE -  1981
BIG K (Not K-Mart Related) - 1988
TWO GUYS - 1982
TG&Y - 1986-2001
J B IVEYS - 1990
JORDAN MARSH - 1991
J. M. FIELDS - 1978
KRESGE - 1977
MAY-COHEN - 1987
PARISIAN - 2007 (2013 in MI)
ROBINSONS - 2015
GAYFERS - 1998
WOOLCO -  1983
W. T. GRANT'S - 1976
PIC-N-SAVE DRUGS - 2002
BULLOCK'S - 1993
MC CRORY'S - 1997
FOLEY'S - 2006
G. C. MURPHY'S - 1997-2001
BEN FRANKLIN - Chapter 7
WOOLWORTH - 2001

Historical context is always welcome!  Remember shopping at Grants over in highlands back in the late 60's was a dump even back then.  The JM fields off I think it was 42nd street, it was the road opposite the old Main street Drive, it wasn't much better.

[coredumped]

Sears is closing 50 stores:

http://www.news4jax.com/news/national/sears-announces-its-closing-at-least-50-stores_

[spuwho]

Sears is closing 50 stores:

http://www.news4jax.com/news/national/sears-announces-its-closing-at-least-50-stores_

A drop in sales revenue of almost a billion dollars and they blame it on "warmer weather" and "competition"?

I would say its a lot more than that. Its going to take more than apparel price changes to turn this sinker around.

Gotta keep up that dividend for all of those institutional investors and retirees. Nothing left to reinvest in the company.

[thelakelander]

Here's a partial list. Lutz, Lake Park and Daytona are on the Kmart closing list.

http://www.cbsnews.com/news/are-your-local-sears-and-kmart-stores-closing/