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4 Texas Sears and Kmart Locations Set to Close in Early 2018

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Sears is planning to sunset 103 Sears and Kmart Stores going into 2018 while it undergoes the process of updating its business model. In details released on January 4, the Illinois-based retailer identified that it will be closing one Kmart and three Sears store locations throughout Texas over the coming months, which are just a handful of the 39 Sears locations and 64 Kmart stores that they will be closing across the country by April of this year.

Within Texas, Sears store closures include the 1000 Highway 6 location in Houston, a location in Austin at 12625 North Interstate 35, and the store located at 4511 North Midkiff Road in Midland. The Kmart store which is scheduled to close in early April is located at 1400 Wildcat Drive in Portland. On its website, the company has stated: “We will continue to close some unprofitable stores as we transform our business model so that our physical store footprint and our digital capabilities match the needs and preferences of our members.”

Liquidation sales for all of the store identified as closing are anticipated to commence as early as January 12. Weak earnings coupled with over $10 billion in lost revenue over the last few years have resulted in the retail chain’s executives questioning its viability. Slow to change with the times and adapt to online sales, as well as facing strong competition from retailers such as Target and Walmart, the retailer identified in a March 2017 report that it had “substantial doubt” it would be able to continue to operate. Sears has already sold its Craftsman tool line to Stanley Black & Decker and placed some of its real estate up on the market.