LAKE COUNTY, Calif. – An initial list of Kmart and full-line Sears stores that Sears Holdings Corp. said would be closed has been released.
The 79 stores on the list, released Thursday, include no California Kmarts, and only three California Sears stores.
Lakeport has one Kmart, and there are no full-line Sears stores in Lake County, only “hometown stores” in Lakeport and Clearlake, the corporation reported.
Sears Holdings Corp. had said Tuesday that it intended to close as many 120 stores in response to declining sales in some categories.
The move is expected to generate between $140 and $170 million as inventory is sold and real estate is sold or leased, as Lake County News has reported.
The Thursday closures list has only one West Coast Kmart – one in Lacey, Wash. – with most of the closures appearing to come in the Midwest and Southern states.
Among the Sears stores slated for closure, those in California are located in San Diego, where there will be two store closures, and El Monte.
A typical store slated for closure employs between 40 and 80 associates, the corporation reported.
“Employment varies by store and format and at this time we cannot provide the total number of impacted associates,” according to the statement.
Sears Holdings Corp. operates 1,307 Kmart stores across 49 states, Guam, Puerto Rico and the U.S. Virgin Islands, and 890 full-line Sears stores.
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122911 Kmart and Sears Store Closures
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