Written by The Business Journal Staff
According to Business Insider, these closures represent 10 percent of the Sears’ store base.
Among the stores set to shutter in early 2017 are three Central Valley Kmart locations — one at 333 Sierra Street in Kingsburg, one at 25 West Polk Street in Coalinga and one at 3600 Wilson Road in Bakersfield. None of the Central Valley Sears locations are listed on the chopping block.
These latest closures are representative of a recent trend that sees department store sales dwindling as more opt to shop online and at local or discount retailers. Macy’s also recently announced that it will shutter 68 of its stores by midyear.
According to Business Insider, Sears will have fewer than 1,500 stores left after these closures — a stark contrast to 2011 when Sears had more than 3,500 stores.