In a release to the media Wednesday, Sears Holdings announced the closure of several unprofitable Sears and Kmart stores. The list of closures includes the Sears store at the Salina Central Mall, 2259 S. 9th, which will close at the end of March. Salina’s Kmart store was not on the list and is not affected.
Sears moved to the mall from its former downtown location in February 1991. It was previously located at the Sears Center, a strip plaza located at the corner of Santa Fe & Prescott that opened in 1960. The Santa Fe Medical Arts Building is now on that property. Prior to that Sears was located further north on Santa Fe.
The released statement read…
“Sears Holdings will continue to strategically and aggressively evaluate our store space and productivity, and accelerate the closing of some unprofitable stores as the company has previously announced. As such:
• On Wednesday, January 4, 2017, the company informed associates at 78 Kmart stores and 26 Sears stores that their stores would be closing this spring.
• On Tuesday, December 27, 2016, the company informed associates at 30 Kmart stores and 16 Sears stores that their stores would be closing this spring.
The decision to close stores is a difficult but necessary step as we take actions to strengthen the Company’s operations and fund its transformation. Many of these stores have struggled with their financial performance for years and we have kept them open to maintain local jobs and in the hopes that they would turn around. But in order to meet our objective of returning to profitability, we have to make tough decisions and will continue to do so, which will give our better performing stores a chance at success. Eligible associates impacted by these store closures will receive severance and will have the opportunity to apply for open positions at area Kmart or Sears stores.”
Liquidation sales will begin as early as January 6 at all closing stores.
The full list of impacted stores can be found by clicking here.