Sears Closing 50 Stores

CORRECTION (Originally posted the Sears in Wauwatosa was closing)

(CBS NEWS) Sears Holdings (SHLD) is speeding up efforts to shutter about 50 unprofitable stores after warning its fourth-quarter revenue would come in short of expectations.

The corporate parent of Sears and Kmart says employees at the doomed stores -- primarily Kmarts -- were told in January about the impending closures, which are slated to occur over the next couple of months. "Liquidation sales are currently taking place," said company spokesman Howard Riefs, who declined to say how many workers were affected.

"We don't disclose financials on a store-by-store basis," Riefs said in an email. "Moving forward, we will accelerate the closing of unprofitable stores."

Unlike Macy's (M), which updates and releases a list of stores slated for closure, Sears isn't identifying the locations to be shuttered.

Still, Consumerist came up with a partial list of planned closings that had been announced to local media outlets:


June: Missoula, Montana: Sears and Auto Center

July: Sangertown Mall, Utica, New York: Sears and Auto Center

December: Sikes Senter Mall, Wichita Falls, Texas: Sears and Auto Center

February 2016: Staten Island Mall, Staten Island, New York: Sears Auto Center only

March 2016: Mount Berry Mall, Rome, Georgia: Sears and Auto Center

April 2016: Birchwood Mall, Fort Gratiot, Michigan: Sears and Auto Center

April 2016: San Mateo, California


April: Wicker Park, Illinois

May: Colonial Heights, Virginia

June: Wauwatosa, Wisconsin

June: Hopewell, Virginia

June: Schuylkill Mall, Frackville, Pennsylvania

June: Greenville, North Carolina

July: Ontario, Oregon

July: Mount Pocono Plaza, Mount Pocono, Pennsylvania

July: Mobile, Alabama

July: Tulsa, Oklahoma

July: Hilltop, Virginia Beach, Virginia

August: Bel Air, Alabama

August: Bellevue Center, Tennessee

October: Vineland, New Jersey

October: Atwater, California

October: Chantilly, Virginia

November: Parkville, Maryland

November: Sturgis, Michigan

November: Spearfish, South Dakota

November: Los Banos, California

November: Davenport, Iowa

November: Lake Park, Florida

December: Belvidere, Illinois

January 2016: South Burlington, Vermont

March 2016: Honolulu, Hawaii

March 2016: Lutz and Daytona, Florida

March 2016: Cleveland, Tennessee

March 2016: Canton, Illinois

March 2016: Daytona Beach, Florida

March 2016: Covington, Virginia

Spring 2016: Florence, Dothan, and Prattville, Alabama

April 2016: Citrus Heights and Chula Vista, California

April 2016: Ottumwa, Iowa

April 2016: Mitchell and Pierre, South Dakota

April 2016: Topeka, Kansas

April 2016: Pocatello, Idaho

April 2016: Logan, Idaho

April 2016: Superior, Wisconsin; Virginia, Minnesota; and Ironwood, Michigan

April 2016: Steubenville, OH

April 2016: Cedar Bluff and Virginia Beach, VA

April 2016: Claypool, VA

April 2016: Milledgeville, GA

April 2016: Dublin, GA

April 2016: Richfield, UT

April 2016: Florence, AL

April 2016: Warren, OH

April 2016: Morton, OH

The cash-hemorrhaging company will have to pile on additional debt in 2016, Evercore ISI analyst Greg Melich and Matt McGinley wrote in a report cited by Bloomberg News. The analysts described the department-store chain as no longer "viable as a retailer in its current form."

Share this article: