Sears closes one of his last locations on December 18, just leaving these standing stores
The once emblematic retailer has seen its number decrease in recent years.
There are very few grace falls in the world of retail which can equal the continuous fall of Sears. There is a good chance that the long -standing location in your local shopping center hasin recent years, leaving behind an empty space while the company continues to reduce the size. Unfortunately, even if the retailer tries to recover from decades of falling business, things do not seem brilliant. And now Sears has announced that one of its last remaining locations would close in the coming weeks. Read the rest to see if you will soon say goodbye to the fallen retail icon - and which stores are still standing.
Sears recently emerged from prolonged bankruptcy in the middle of several closures.
Given the way things have gone badly for the company recently, it can be difficult to imagine that Sears has been built from a mail order company near the turn of the century to become the best retailer In the United States in the 1980s. But things were on a tragic drop in the decades that followed: in 2004, Kmart bought the company as a last effort to save the two stores in difficulty. Despite its best efforts, the number of stores continued to decrease until SearsBankruptcy of chapter 11 declared In 2018,Forbes reported.
Usually, such a strategy can help a business bringing funds and repositioning itself to stay afloat. Instead, Sears found himselfmugged down As the trials brought by creditors and suppliers of the store while waiting to be paid for goods and languid funds before the court, said Retail Dive in August. After a regulation of $ 175 million broke the deadlock during the summer, the company was finally able to bringflawless October 29. But despite the change of trajectory, a retail expert said that the store days wereProbably numbered.
"They do not have an attractive value proposal to customers, and the amount of competition on the retail market offering similar goods means that the end will take place at a given time" "Ray Wimer, PHD, a retail teacher at the University of Syracuse, told Fox Business earlier this month.
The discolored retailer closes another location next month.
Sears has seen its retail footprint continue to shrink quickly since its first bankruptcy. Now his list of remaining locations is about to become a little shorter.AE0FCC31AE342FD3A1346EBB1F342FCB
The Sears store inThe Valley shopping center In Union Gap, Washington, will close its doors for good, the reports of the local Kima CBS. Residents still have time to pay the location one last visit: its initial closing date on November 20 was postponed a month until December 18. However, the point of sale reports that "even with less than a month until the store is closed, there are still few goods because the store is almost empty."
When he was contacted to comment, a store manager said that the site could still be transformed into a Sears Outlet store, reports Kima. However, a representative of the management company of the shopping center known asNo decision have been made again.
"We talked about grocery store [stores], entertainment uses and soft products", "TRACI Russell, the vice-president of the rental of the owner of the Centeral Properties shopping center, told theYakima Herald-Republic in September.
These are the 21 Sears stores that are now standing.
The loss of the location of the Union Gap is only the most recent in a long list of Sears closings that have reduced the company to a fraction of its old size. There will only be 21 locations across the United States after the last trigger - out of 700 when theThe retailer said bankruptcy In 2018, according to nj.com.
Not to mention the place of dropout that is, the latest full -fledged Sears stores are in Burbank, Concord, Stockton and Whittier, California; Miami, Orlando and Palm Beach Gardens, Florida; Frederick, Maryland; Braintree, Massachusetts; Jersey City, New Jersey; Greensboro, North Carolina; Camp Hill, Pennsylvania; San Juan, Puerto Rico; And Tukwila, Washington.
The remaining locations are concentration stores in the smaller format of the company. Sears Home & Life is still open in Anchorage, Alaska; Overland Park, Kansas; and Lafayette, Louisiana. And the company still has a handful of places of devices and mattresses in Fort Collins, Colorado; Honolulu Hawaii; And El Paso and Pharr, Texas. The locations of the hometown of Sears - which work as a smaller format franchise - are not included in the count.
We do not know what the future has in store for the former retail sale.
After the long and developed litigation process during its bankruptcy, Sears emerged a lotShell of his old self. In addition to its retail places, the company has also sold many of its remaining precious active ingredients, such as Craftsman Tools, Kenmore Appliances and pure and hard cars batteries,Bloomberg reports. Now, experts say he might no longer have enough reserve to save the besieged store.
"An inability to invest in itself is the reason why Sears melted to what is today", "Steve Azarbad, a managing director of the retail protection company Tradeguard, saidBloomberg. "At this point, investors would have been better off if they liquidated themselves 10 years ago."
Even the remaining locations show signs of a dark future. In his Newport Center store in New Jersey, commercial floors remain mainly empty of people in addition to the staff while whole sections are blocked - all while the surrounding stores have remained busy,Bloomberg reports.