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100 Sears, Kmart Stores to Close

It has not been determined if the Canton Kmart and Sears locations will be among the casualties.

 

Illinois-based Sears Holdings announced Tuesday that it will close 100 to 120 Sears and Kmart stores, citing sagging consumer electronic and home appliance holiday sales as a reason.

Sears said it has not determined which stores will close but said it will post the list online when it is complete. The company would not discuss how many, if any, jobs would be cut.

Canton has a Kmart on Marietta Highway and a Sears on Bluffs Parkway.

Will you miss the Canton Kmart and Sears locations if they close? Tell us in the comment space below.

The company has more than 4,000 stores in the United States and Canada.

"Given our performance and the difficult economic environment, especially for big-ticket items, we intend to implement a series of actions to reduce on-going expenses, adjust our asset base, and accelerate the transformation of our business model,” Chief Executive Officer Lou D'Ambrosio said in a statement. “These actions will better enable us to focus our investments on serving our customers and members through integrated retail -- at the store, online and in the home."

For the fourth quarter to date, sales for Kmart and Sears are down 5.2 percent. Overall, the company experienced a 2.6 percent drop in year-to-year sales. The company is expected to release financial results for the fourth quarter and full year Feb. 23.

Related Topics: Christmas 2011, Closing, Kmart, Sagging Holiday Sales, Sears, and holidays 2011
Will you miss the Canton Kmart and Sears locations if they close? Tell us in the comments.

Kevin "The Bugman" Spiegelman

8:44 am on Wednesday, December 28, 2011

No. I will not miss them. I checked out the Sears when it was first built but have never stepped foot in again. Kmart? Nah. I think the last time I was in there was many years ago.

Reply

Ellen Brown

10:08 am on Wednesday, December 28, 2011

Yes! Yes! I love shopping at KMART in Canton. I hope they don't close.

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Tink

12:52 pm on Wednesday, December 28, 2011

Sears, I will not miss. KMART, I will miss greatly. Since Walmart doesn't offer layaway anymore KMART has been a god send for me and my family. Especially for big ticket items like video games. Being able to make payments on items is a plus for low income families.

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Ardea Stokes

3:20 pm on Wednesday, December 28, 2011

I have never much liked Sears. It is over priced and over rated. I will miss K Mart if it closes. It is my preferred store for all my non grocery needs. I hate Walmart and avoid it as much as I can. Not having access to Kmart will put a big dent in my local shopping habits. I will be doing much more online purchasing.

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Holly

11:22 pm on Friday, March 2, 2012

Kmart has the worst "customer service" They sell the email addresses you provide for the Shop Your Way Rewards customers at 10 cents a pop. They treat thier employees horribly. Trash bags are used to put your purchases in.

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