Home / Business / 96 sites for Sears and Kmart are closed and many are in Southern California

96 sites for Sears and Kmart are closed and many are in Southern California

The parent company that owns Sears and Kmart announced plans to close 96 stores in February 2020 as part of an effort to streamline operations, and many of them are located in California.

Transformco said in a press release that the company "has encountered a difficult retail environment," but continues to take steps to maintain its stronger business operations.

"We have worked hard to position Transformco for success by focusing on our competitive strengths and crop operations that have struggled due to increased competition and other factors," the press release said.

In addition to the store's closures, Transformco said it has received $ 250 million in funding from its owners and a "third-party investor" to support the company's initiative.

Twenty-eight locations for Sears and Kmart that are scheduled to close are in California. A complete list of all states can be found here.

To exit business sales in these stores is expected to begin on December 2, according to the press release.

After the closures, Transformco will remain with 1

82 stores. When Transformco owner Eddie Lampert acquired Sears Holdings for $ 5.2 billion in 2019, there were 425 Sears and Kmart locations in operation.

"We will strive to create and deliver value through a strategic combination of our better stores and our service companies, brands and other assets and expect to achieve a significant return on our extensive portfolio of owned and leased real estate," said release.

California Sears Stores Closing

  • 3755 Santa Rosalia Drive, Los Angeles
  • 40710 Winchester Road, Temecula
  • 3295 East Main St., Ventura
  • 12121 Victory Blvd., North Hollywood
  • 1209 Plaza Drive, West Covina
  • 3636 North Blackstone Ave., Fresno
  • 8150 La Palma Ave., Buena Park
  • 5261 Arlington Ave., Riverside
  • 565 Broadway, Chula Vista
  • 100 Inland Center Drive, San Bernardino
  • 1178 El Camino Real, San Bruno
  • 2180 Tully Road, San Jose
  • 5080 mo tclair Plaza Lane, Montclair
  • 22550 Town Circle, Moreno Valley
  • 72-880 Highway 111, Palm Desert
  • 3350 NAGLEE Road, Tracy
  • 3501 South Mooney Blvd. Visalia
  • 200 Town Center East, Santa Maria
  • 14420 Bear Valley Road, Victorville

Kmart Stores Closing

  • 2155 Pillsbury Road, Chico
  • 261 North McDowell Blvd., Petaluma
  • 491 Tres Pinos Road, Hollister
  • 5100 Clayton Road, Concord
  • 7840 Limonite Ave., Riverside
  • 3980 El Camino Real, Atascadero
  • 895 Faulkner Road, Santa Paula
  • 1200 North Main Street, Bishop
  • 270 Mount Hermon Road, Scotts Valley

Source link