Kmart Abandons Hometown By Closing Last Two Detroit Area Stores

A dismantled sign sits leaning outside a Sears department store one day after it closed in Nanuet New York on Jan. 7 2019

CrainDetroit.com reports that the company that now owns Sear and Kmart, Transform Holdco LLC (which side note, that sounds like a company that is there to sell off the ish), is closing a total of 96 Kmart and Sears stores.

Curious how many Kmart and Sears stores that leaves still open? 182.

"We will continue to evaluate our Sears and Kmart footprint, consistent with our overall retail and service strategy", Transformco said in a statement Thursday.

The stores at 910 Wilkes-Barre Township Boulevard (Route 309) and in the Berwick Shopping Plaza are slated to shut down by February, a list released by Transformco indicated.

Lampert combined Sears and rival chain Kmart more than 15 years ago, heralding the formation of a retailer with $55 billion in annual sales, but the company lost money nearly every year over the past decade in the face of competition from the likes of e-commerce giant Amazon.com Inc AMZN.O .

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The company encourages shoppers to use the store locator function on their websites to find the closest Sears or Kmart location.

For this latest round of closures, going out of business sales are expected to begin on December 2. Lampert is chairman of the company.

Hundreds of Sears stores have been shuttered in the last few. That left Sears faced with the choice of raising additional money or potentially closing even more stores, they said.

The company added it still expects "to realize a significant return on our extensive portfolio of owned and leased real estate".

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