Quoted Text

Sears to close more stores as holiday sales slump
Tue Dec 27, 2011 8:05am EST

(Reuters) - Sears Holdings Corp will close up to 120 stores in its Kmart and namesake chains, blaming poor sales of consumer electronics so far this holiday season and saying it would focus its energy on its better performing stores.

Sales at Sears Holdings, whose chairman and top shareholder is hedge fund manager Edward Lampert, have fallen every year since it was formed through the merger of Sears and Kmart in 2005.

And so far this holiday season, the drop has continued. Same-store sales at Kmart were down 4.4 percent in the current quarter through Christmas Day, and down 6 percent at Sears' U.S. stores. Companywide, they were down 5.2 percent, the company said on Tuesday........................>>>>................>>>>..................http://www.reuters.com/article/2011/12/27/us-sears-sales-idUSTRE7BQ0AV20111227

Maybe they should take a percentage of the profits and build more of the same stores, and charge an entry fee.  If that doesnt work then they should put a Proctors in everyone......guaranteed to generate business.    Silly rabbits.  

WalMart will be the last one standing! That was the plan!

Good thing they already closed the Downtown Sears and Glenville Kmart. Schenectady County always the first place to cut unprofitable national businesses. This was actual positive development for Downtown. City morons needed more parking spaces for the new County Building at the old Trustco HQ- lol.

Kmarts at Rotterdam Square Mall maybe a new Shop Rite Market sometime next year?

When a mall loses an anchor store in today's economy it is the death of the Mall unless of course Walmart comes in.  I heard they want to leave Altamont Ave.

Rotterdam Square Mall survived when it lost one anchor almost 20 years ago -- Hess' Department Store .. eventually Filene's moved in.  

I have been in Rotterdam Square Mall a lot during November and December -- the crowds have been pretty good -- certainly NOT what they were 10 to 15 years ago ... but not horrible.  

It is very clear that the mall needs a major spruce up or restructuring -- I believe it needs to become more like Mohawk Commons and Clifton Commons and that it also needs to bring in a new anchor(s).  

Quoted from Cel

When a mall loses an anchor store in today's economy it is the death of the Mall unless of course Walmart comes in.  I heard they want to leave Altamont Ave.

dont we all?????

http://blogs.wsj.com/deals/2011/12/29/here-are-the-sears-stores-that-are-closing/

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Sears Holdings released an ugly Christmas surprise this week, as it disclosed a dropoff in holiday sales and announced plans to shutter 100 to 120 stores. The company did not say which stores were closing, until now.

Here is the list from the company releasing locations for 79 of the planned store closures, which are a mix of Sears outlets and Kmarts. Sears said it will post updates as they become available. The company’s document doesn’t say when the stores will close for good.

Looks like ALL NY stores are safe, for now, according to this list

Quoted Text

Here is the list of closures announced so far http://www.searsmedia.com/tools/122711_close.pdf :
— Alabama (3): Sears in Mobile; Kmart in Auburn and Gadsden.
— California (3): Sears in El Monte and San Diego (2).
— Colorado (3): Sears in Longmont; Kmart in Broomfield and Glenwood Springs.
— Florida (11): Sears in Crystal River, Deland, Port St. Lucie, Stuart, West Palm Beach; Kmart in Callaway, Fernandina Beach, New Smyrna Beach, Orange City, Pompano Beach and St. Augustine.
— Georgia (6): Sears in Macon; Kmart in Atlanta, Buford, Columbus, Douglasville and Jonesboro.
— Idaho (1): Sears in Lewiston.
— Indiana (3): Sears in Anderson; Kmart in Indianapolis and St. John.
— Iowa (2): Kmart in Cedar Rapids and Davenport.
— Kansas (1): Sears in Lawrence.
— Kentucky (3): Sears in Middleboro; Kmart in Hazard and Winchester.
— Maryland (1): Sears in Ellicott City.
— Michigan (6): Sears in Adrian, Brighton, Chesterfield Township, Harper Woods, Monroe and Washington Township.
— Minnesota (4): Kmart in Duluth, New Hope, White Bear Lake and Willmar.
— Mississippi (3): Sears in Columbus, Jackson and McComb.
— Missouri (2): Sears in Lee's Summit and St. Louis.
— New Hampshire (2): Sears in Keene and Nashua.
— North Carolina (4): Sears in High Point, Morehead City, Rocky Mount and Statesville.
— Ohio (6): Kmart in Chagrin Falls, Columbus, Medina, Springfield and Toledo (2).
— Oregon (1): Sears in Roseburg.
— Pennsylvania (2): Sears in Pottstown and Upper Darby.
— South Carolina (1): Sears in Sumter.
— Tennessee (4): Sears in Antioch, Cleveland, Oak Ridge; Kmart in Hendersonville.
— Virginia (3): Sears in Norfolk; Kmart in Midlothian and Richmond.
— Washington (2): Sears in Walla Walla; Kmart in Lacey.
— Wisconsin (2): Sears in West Baraboo; Kmart in Rice Lake.

http://finance.yahoo.com/news/florida-hit-hardest-sears-store-220653249.html

the operative words are "so far"

I really can't believe they'd leave both stores open in the same mall, doesn't make sense.