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Sears to start liquidation sales at these 26 stores next week

MarketWatch logo MarketWatch 8/9/2019 Tonya Garcia

Transform Holdco, the company formed in January to buy the remaining assets of bankrupt retailer Sears Holdings Corp., said it will begin “liquidation sales” next week in 26 stores that will close in late October.

The large-format store closures include 21 Sears stores in 15 states and 5 Kmart stores in 3 states and Puerto Rico.

“After careful review of where we are today, we believe the right course for the company is to accelerate the expansion of our smaller store formats which includes opening additional Home & Life stores and adding several hundred Sears Hometown stores after the Sears Hometown and Outlet transaction closes,” Transform Holdco said in a statement. “Following these steps, we will continue to evaluate our network of Sears and Kmart stores and cannot rule out additional store closures in the near term.”

Related video: From Catalogs to Catastrophe: A Sears Timeline (provided by The Street)


Transform Holdco had made a bid to buy all of the Sears Hometown & Outlet Store stock that wasn’t already owned by former Sears Chief Executive Eddie Lampert’s hedge fund, ESL Investments Inc. and its affiliates.

Shares of Sears (SHLDQ) which filed for bankruptcy in October 2018, have tumbled 36.6% year to date through Thursday and 68.2% over the past 12 months. In comparison, the SPDR S&P Retail exchange-traded fund (XRT) has gained 0.3% this year and the S&P 500 index (SPX) has advanced 17.2%.

Here’s where the stores that are closing are:

StoreStreet addressCityState
Kmart1625 W. RedlandsRedlandsCalifornia
Kmart14011 Palm Dr.Desert Hot SpringsCalifornia
Kmart159 Wilbraham Rd.PalmerMassachusetts
Kmart975 Fairmount Ave.JamestownNew York
KmartPuerto Rico Hwy 3 Plaza GuayamaGuayamaPuerto Rico
Sears*2500 Riverchase GalleriaBirminghamAlabama
Sears*Somersville Rd.AntiochCalifornia
Sears*8501 W. Bowles Ave.LittletonColorado
Sears*6200 20th St.Vero BeachFlorida
Sears*901 U.S. 27NSebringFlorida
Sears*3700 Atlanta Hwy Ste 270AthensGeorgia
Sears*5 Stratford SquareBloomingdaleIllinois
Sears*2300 Southlake MallMerrillvilleIndiana
Sears*6501 Grape Rd. U.S. 23MishawakaIndiana
Sears*6901 Security Sq. Blvd.BaltimoreMaryland
Sears*6780 S. Westnedge Ave.PortageMichigan
Sears*4900 Fashion Square MallSaginawMichigan
Sears*18777 E. 39th St. SIndependenceMissouri
Sears*3 Mid Rivers Mall DriveSt. PetersMissouri
Sears330 Siemers Dr.Cape GirardeauMissouri
Sears*600 Richland MallMansfieldOhio
Sears*1101 Melbourne Rd.HurstTexas
Sears*10000 Emmet F. Lowry ExpyTexas CityTexas
Sears*4812 Valley View Blvd NERoanokeVirginia
Sears*4700 N. Division St.SpokaneWashington
Sears*100 Huntington Mall Rd.BarboursvilleWest Virginia
Transform Co.
*The Sears Auto Centers at these stores will close in late August

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