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Sears Announces Closure of More Retail Locations Including One in Texas Hill Country

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The holiday retail season must not have been good enough to save many Sears and Kmart stores across the country. The company announced plans to close more than 100 Kmart and Sears stores nationwide, including one in Austin. The auto center at the Sears Grand store at 12625 N. Interstate 35 in North Austin will shut down late this month, followed by the closure of the store itself in early April, the company said.

Closing 64 Kmart Stores and 39 Sears Stores

Sears closing

Photo: Flickr/Mike Kalasnik

In total, the latest round of closures includes 64 Kmart stores and 39 Sears stores. Other Texas stores on the list include the Kmart in Portland and Sears locations in Houston and Midland, all of which are expected to close between early March and April of this year.

At the end of November, Sears reported a narrower net loss for its fiscal third quarter than it did a year ago, as the company pushes to return to profitability against a backdrop of vendor disputes and loans coming due. According to CNBC, Sears shares have tumbled more than 60 percent over the past 12 months

Founded in 1892

closure

Photo: Flickr/Mike Mozart

Founded by Richard Warren Sears and Alvah Curtis Roebuck in 1892 and 1906, the operation began as a mail order catalog company and began opening retail locations in 1925. The first location was in Evansville, Indiana. The company was bought by the management of the American big box chain Kmart in 2005, and the Kmart management formed Sears Holdings upon completion of the merger. In terms of domestic revenue, Sears was the largest retailer in the United States until October 1989, when Walmart surpassed the record. As of 2017, Sears was the 23rd largest retailer in the United States overall. Sears had divisions in Canada, Mexico, and Puerto Rico, but were sold as well as several other subsidiaries within its brand.

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