Saturday, 26 May, 2018

Kmart in Tucumcari considered unprofitable, set to close

Sipa USA Sipa USA
Jeannette Daniel | 06 January, 2018, 02:44

The latest round includes the Red Oak location on N Broadway set for early April.

The new round of closures comes after Sears announced it would close 250 stores a year ago, including the Malone location.

The Prices Corner Sears, located at 3240 Kirkwood Highway, was spared in a previous round of closings that shut the doors at Kmarts in Claymont, Dover and Elkton, Maryland.

In the NY area, the Sears located in Hicksville, on Long Island, is expected to close, as well as one in Toms River, New Jersey.

An additional 103 Sears and KMart stores will close in the next several months, Sears Holdings announced Thursday.


The closures are part of an effort to "right size" its footprint and the company's finances, according to a news release.

In addition to the Kmart in Cumru Township, the company once operated stores in Exeter and Muhlenberg townships, with the Muhlenberg Kmart being among dozens that closed in 2016.

Sears, once one of the country's most successful retailers, has struggled with the rise of e-commerce and some management missteps. "Eligible associates will receive severance and will have the opportunity to apply for open positions at area Sears or Kmart stores".

"We will continue to close some unprofitable stores as we transform our business model so that our physical store footprint and our digital capabilities match the needs and preferences of our members", the company said on Thursday.

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