Earlier this week, Sears Holdings(SHLD) announced plans to shutter 100-120 stores. Today, the company released a pdf listing 79 stores to be closed, with more to be announced. I’ve converted this to a spreadsheet and mapped them
View Sears Holdings 12/29/2011 Closings in a full screen map
Of the stores closing 38 are Kmarts, and 14 are Sears Essentials/Grands, a failed concept which involved throwing a Sears sign on a former Kmart and hoping. This represents almost 30% of the remaining stores of this concept. The closings announced seem to be concentrated in the southeast. I haven’t had a chance yet to determine which stores are mall-based vs. freestanding, or to investigate real estate ownership; if you have any information or analysis to add, please share it here.
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Sears is not the sears of old. the management from top down can care less. prices high, stores dirty, customer service botoom of the bottom. sears can care less about their customers and their employees.