Sears edges closer to bankruptcy, will close 142 more stores

By Mike Flacy on October 15, 2018

This week, former retail powerhouse Sears filed for bankruptcy protection due to a $134 million debt payment that the company wasn’t able to pay off. Sears management is planning on continuing to operate roughly 500 locations as well as the online site Sears.com during the bankruptcy process.

At the time of the filing, Sears has about 700 Sears & KMart stores still in operation. It plans to close 46 locations (previously announced) by November and is planning to close an additional 142 locations before the end of the year (likely operating the stores through the holiday season).

This is already down from 1000 stores still in operation earlier this year. The company currently has 68,000 employees, 32,000 of whom are full-time. That’s down from 89,000 employees as of Feb 2018 and down from 178,000 employees as of Jan 2016.

Company management is going to attempt to look for a buyer during this process. If a buyer isn’t found, Sears may take the path of other retail brands like Toys R Us, RadioShack and Sports Authority.

Be aware that Sears may pursue a more aggressive sales strategy for the holiday season. Sears is in need of a robust holiday season after sales fell sharply at both Sears and KMart locations during Q4 2017. Watch for promotions with “Shop My Way” points as well as increased discounts. Of course, we will post the latest Sears deals on Ben’s here.

The 142 locations include:

Sears

Alabama

1001 Rainbow Dr Gadsden, AL 35901-5376

Arizona

2250 El Mercado Loop Sierra Vista, AZ 85635-5204
3150 S 4Th Ave Yuma, AZ 85364-8104
6515 E Southern Ave Mesa/East, AZ 85206-3711
7611 W Thomas Rd Phoenix-Desert Sky, AZ 85033-5433
3177 Chandler Village Dr Chandler, AZ 85226

California

1700 Stoneridge Dr Pleasanton, CA 94588 (Lands’ End)
100 Santa Rosa Plz Santa Rosa, CA 95401-6381 (Lands’ End)
3333 Bristol St Costa Mesa, CA 92626-1811 (Lands’ End)
1011 W Olive Ave Merced, CA 95348-2422
5901 Florin Rd Florin, CA 95823-2302
3751 S Dogwood Ave El Centro, CA 92243
100 Vintage Faire Mall Modesto, CA 95356-0559
100 Los Cerritos Mall Cerritos, CA 90703-5421
1401 N Montebello Blvd Montebello, CA 90640-2584
3001 Ming Ave Bakersfield, CA 93304-4145

Colorado

10785 W Colfax Ave Lakewood, CO 80215-3807
7001 S University Blvd Centennial, CO 80122-1599 (Lands’ End)

Connecticut

1201 Boston Post Rd Sp 2095 Milford, CT 06460- (Lands’ End)
850 Hartford Tnpk Waterford, CT 06385- (Lands’ End Inc.)

Florida

733 N Highway 231 Panama City, FL 32405-5302
300 Mary Esther Blvd Mry Est/Ft Wltn Bch, FL 32569-1693
1050 S Babcock St Melbourne, FL 32901-3022
3800 Us Highway 98 N Ste 500 Lakeland, FL 33809-3824
303 Us Hwy 301 Blvd W Bradenton, FL 34205-7991
3100 Sw College Rd Ste 300 Ocala, FL 34474-8449

Idaho

460 N Milwaukee St Boise, ID 83704-9122

Illinois

3340 Mall Loop Dr Joliet, IL 60431-1057

Indiana

1251 Us Highway 31 N Greenwood, IN 46142-4503
6780 W Washington St Indianapolis, IN 46241-2999
3401 S Us Highway 41 Terre Haute, IN 47802-4154

Kentucky

4807 Outer Loop Louisville-Okolona, KY 40219-3200
2625 Scottsville Rd Bowling Green, KY 42104-4477

Maryland

15700 Emerald Way Bowie, MD 20716-2200
400 N Center St Westminster, MD 21157-5140
10300 Little Patuxent Pkwy Columbia, MD 21044-3341 (Lands’ End)

Massachusetts

1235 Worcester Rd & Natick, MA 01760 (Lands’ End)

Michigan

900 Briarwood Cir Ann Arbor, MI 48108-1618 (Lands’ End)
2100 Southfield Rd Lincoln Park, MI 48146-2250

Minnesota

425 Rice St St Paul, MN 55103-2123
12431 Wayzata Blvd Minnetonka, MN 55305-1925 (Lands’ End)

Nevada

1245 W Warm Springs Rd Henderson, NV 89014-8740

New Hampshire

50 Fox Run Rd Ste 74 Portsmouth, NH 03801-2858 (Lands’ End)

New Jersey

1500 Highway 35 Middletown, NJ 07748-1831 (Lands’ End)
1750 Deptford Center Rd Deptford, NJ 08096-5282 (Lands’ End)

New Mexico

6600 Menaul Blvd Ne Ste 700 Coronado, NM 87110-3447

New York

75 W Route 59 Ste 100 Nanuet, NY 10954-2701 (Lands’ End)
1111 Franklin Ave Garden City, NY 11530-1617 (Lands’ End)
600 Lee Blvd Yorktown Hts, NY 10598-1142
Rt 394 & Hunt Blvd Lakewood, NY 14750

North Carolina

703 N Berkeley Blvd Goldsboro, NC 27534-3444
400 Cross Creek Mall Fayetteville, NC 28303-7244
11033 Carolina Place Pkwy Pineville, NC 28134-8370 (Lands’ End)

Ohio

5320 Youngstown Rd Niles, OH 44446

Oklahoma

6929 S Memorial Dr Tulsa Woodland Hls, OK 74133-2035
9800 Sw Washington Square Rd Washington Sq, OR 97223-4455 (Lands’ End)
3201 W Main St Norman, OK 73072-4847

Oregon

827 Lancaster Dr Ne Salem (Lancaster), OR 97301-2929

Pennsylvania

880 Butler Street Pittsburgh, PA 15223-1319
5522 Shaffer Rd Ste 129 Dubois, PA 15801-3304
100 Neshaminy Mall Bensalem/ Crnwls Hts, PA 19020-1607
2300 E Lincoln Hwy Langhrn /Oxford Vly, PA 19047-1824 (Lands’ End)

Tennessee

7600H Kingston Pike West Town, TN 37919-5604 (Lands’ End)
2800 N Germantown Prkway Cordova, TN 38133 (Lands’ End)
2801 Wilma Rudolph Blvd Clarksville, TN 37040-5011
2100 Hamilton Place Blvd Chattanooga, TN 37421-6006

Texas

7508 N Navarro St Victoria, TX 77904-2654
2901 S Capitol Of Texas Hwy Austin/Barton Creek, TX 78746-8101
3450 W Camp Wisdom Rd Southwest Ctr, TX 75237-2504
2501 Irving Mall Irving, TX 75062-5161
6301 Nw Loop 410 Ingram, TX 78238-3824
1000 E 41st Austin, TX 78751-4859
6002 Slide Rd Lubbock, TX 79414-8555
2002 S Expy 83 Harlingen, TX 78552
2605 Preston Rd Frisco, TX 75034-9434

Virginia

100 Newmarket Fair Mall Hampton, VA 23605-1406

Washington

3500 S Meridian Ste 900 Puyallup, WA 98373-3722

West Virginia

9520 Mall Rd Westover/Morgantown, WV 26501-8524

Wyoming

701 Se Wyoming Blvd Casper, WY 82609-4213

Kmart

Arkansas

2821 East Main St Russellville, AR 72801-9801

California

215 W Hanford/Armona Rd Lemoore, CA 93245-2302
1351 E Hatch Rd Modesto, CA 95351-5010
375 E Alessandro Blvd Riverside, CA 92508-2463
3247 W Noble Ave Visalia, CA 93277-1841
912 County Line Rd Delano, CA 93215-3823
2530 S Euclid Ave Ontario, CA 91762-6619
3968-A Missouri Flat Road Placerville, CA 95667-5240

Florida

900 N W 76 Boulevard Gainesville, FL 32606-6747
12350 Sw 8Th Street Miami, FL 33184-1510 (Goodwill)

Georgia

400 Crosstown Road Peachtree City, GA 30269-2915
6239 Turner Lake Road Covington, GA 30014-2064

Illinois

3701 Broadway St Quincy, IL 62301-3721 (Ruby Tuesday)
4210 N Harlem Ave Norridge, IL 60706-1277
5000 23Rd Ave Moline, IL 61265-4599

Indiana

430 W Ridge Rd Griffith, IN 46319-1095 (El Centro Mall)
723 3rd Ave Jasper, IN 47546-3639

Iowa

2803 E Kanesville Blvd Council Bluffs, IA 51503-1004
1111 N 2nd Cherokee, IA 51012-1287
2307 Superior Webster City, IA 50595-3165

Kansas

400 South Broadway Salina, KS 67401-4005
7836 State Ave Kansas City, KS 66112-2417

Kentucky

600 C W Stevens Blvd Grayson, KY 41143-1190
Northridge S/C Us Hwy 127 Russell Springs, KY 42642-4559

Louisiana

7000 Veterans Memorial Metairie, LA 70003-4497

Maine

417 Main Street Madawaska, ME 04756-1197