Local Sears, Kmart stores to remain open
Sears and Kmart stores in the tri-city area were spared in the latest round of store closures released today.
The list adds 15 stores to the 79 locations that Sears Holdings Corp. announced in December it would shutter.
Company officials released the first round of closures after disappointing holiday sales. The company later reported a fourth-quarter loss.
A total 100 to 120 stores are expected to be closed, according to company officials.
Sears Holdings has a Sears store at 236 N. Central Ave. in Glendale and at 3801 E. Foothill Blvd. in Pasadena. And there’s a Kmart at 1000 N. San Fernando Blvd. in Burbank.
No timeline for the latest round of closures was released.
The company didn’t estimate how many workers would be impacted, but the latest closure list states that a typical store employs between 40 and 80 associates.
The list also includes 11 of its Hometown and Outlet stores as well as some hardware stores that Sears Holdings will sell to General Growth Properties for $270 million.
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-- Mark Kellam, Times Community News
Twitter: @LAMarkKellam
Photo: Sears in Glendale, on Tuesday, December 27, 2011. Credit: Tim Berger/Staff Photographer.