11 more Sears, Kmart stores to close around holidays

Financially troubled Sears Holdings plans to close 11 more Kmart and Sears stores around the country beginning next month. 

No stores in New Jersey are among the latest round of store closures, though the struggling retail chain said in August that the Sears in the Hamilton Mall in Mays Landing will close in November. 

Retail collapse: The 57 biggest chains closing stores

The latest closings include six Sears and five Kmart locations, according to government layoff notices. It includes stores from New York to California, which will close in November and December. The closest store to New Jersey shutting down is a Kmart in the Middle Village section of Queens, New York. 

Sears lost $508 million in the second quarter of 2018, which ended Aug. 4. That’s more than double the $250 million net loss for the same period the previous year. 

BusinessInsider.com was the first to report on the new closures

In May, Sears Holding Corp. announced 72 closures nationally amid a dismal first quarter earnings report that showed a $424 million loss. For New Jersey, that list included:

  • Sears at the Quaker Bridge Mall in Lawrenceville
  • Sears on at the Seaview Square Mall Route 66 in Ocean Township
  • Sears at The Center Burlington Mall in Burlington
  • Kmart on Barbour Avenue in Clifton

In January, Sears said 103 stores were to close in the first three months of the year, including the Sears in the Ocean County Mall.

The company has closed hundreds of stores in recent years. As of Aug. 13, there were 506 Sears stores and 360 Kmarts remaining. 

A Sears Holdings spokesman didn’t immediately return a message from NJ Advance Media. 

Jeff Goldman may be reached at jeff_goldman@njadvancemedia.com. Follow him on Twitter @JeffSGoldman. Find NJ.com on Facebook.

 

 

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