Are your local Sears and Kmart stores closing?
Sears Holdings (SHLD) is speeding up efforts to shutter about 50 unprofitable stores after warning its fourth-quarter revenue would come in short of expectations.
The corporate parent of Sears and Kmart says employees at the doomed stores -- primarily Kmarts -- were told in January about the impending closures, which are slated to occur over the next couple of months. "Liquidation sales are currently taking place," said company spokesman Howard Riefs, who declined to say how many workers were affected.
"We don't disclose financials on a store-by-store basis," Riefs said in an email. "Moving forward, we will accelerate the closing of unprofitable stores."
Unlike Macy's (M), which updates and releases a list of stores slated for closure, Sears isn't identifying the locations to be shuttered.
Still, Consumerist came up with a partial list of planned closings that had been announced to local media outlets:
Sears
June: Missoula, Montana: Sears and Auto Center
July: Sangertown Mall, Utica, New York: Sears and Auto Center
December: Sikes Senter Mall, Wichita Falls, Texas: Sears and Auto Center
February 2016: Staten Island Mall, Staten Island, New York: Sears Auto Center only
March 2016: Mount Berry Mall, Rome, Georgia: Sears and Auto Center
April 2016: Birchwood Mall, Fort Gratiot, Michigan: Sears and Auto Center
April 2016: San Mateo, California
Kmart
April: Wicker Park, Illinois
May: Colonial Heights, Virginia
June: Wauwatosa, Wisconsin
June: Hopewell, Virginia
June: Schuylkill Mall, Frackville, Pennsylvania
June: Greenville, North Carolina
July: Ontario, Oregon
July: Mount Pocono Plaza, Mount Pocono, Pennsylvania
July: Mobile, Alabama
July: Tulsa, Oklahoma
July: Hilltop, Virginia Beach, Virginia
August: Bel Air, Alabama
August: Bellevue Center, Tennessee
October: Vineland, New Jersey
October: Atwater, California
October: Chantilly, Virginia
November: Parkville, Maryland
November: Sturgis, Michigan
November: Spearfish, South Dakota
November: Los Banos, California
November: Davenport, Iowa
November: Lake Park, Florida
December: Belvidere, Illinois
January 2016: South Burlington, Vermont
March 2016: Honolulu, Hawaii
March 2016: Lutz and Daytona, Florida
March 2016: Cleveland, Tennessee
March 2016: Canton, Illinois
March 2016: Daytona Beach, Florida
March 2016: Covington, Virginia
Spring 2016: Florence, Dothan, and Prattville, Alabama
April 2016: Citrus Heights and Chula Vista, California
April 2016: Ottumwa, Iowa
April 2016: Mitchell and Pierre, South Dakota
April 2016: Topeka, Kansas
April 2016: Pocatello, Idaho
April 2016: Logan, Idaho
April 2016: Superior, Wisconsin; Virginia, Minnesota; and Ironwood, Michigan
April 2016: Steubenville, OH
April 2016: Cedar Bluff and Virginia Beach, VA
April 2016: Claypool, VA
April 2016: Milledgeville, GA
April 2016: Dublin, GA
April 2016: Richfield, UT
April 2016: Florence, AL
April 2016: Warren, OH
April 2016: Morton, OH
The cash-hemorrhaging company will have to pile on additional debt in 2016, Evercore ISI analyst Greg Melich and Matt McGinley wrote in a report cited by Bloomberg News. The analysts described the department-store chain as no longer "viable as a retailer in its current form."