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Pendleton Pike Kmart, Anderson Sears on closing list

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Sears Holding Co. said it will close a Kmart store on Pendleton Pike in Indianapolis and a Sears department store in Anderson.

The stores are on a list of 79 closings the Hoffman Estates, Ill.-based retailer released Thursday afternoon. Sears on Tuesday said it planned to close from 100 to 120 of its Sears and Kmart stores, but did not reveal the actual store locations.

Sears did not say when the closings would take place.

The local Kmart is at 7201 Pendleton Pike and is the anchor tenant for Pendleton Plaza.

Indianapolis has four other Kmarts: at 2715 Madison Avenue; 7425 E. Washington St.; 5101 E. Thompson Road; and 6780 W. Washington St.

The Sears store set to close in Anderson is one of two anchor tenants for Mounds Mall, which opened in 1965 as one of the first enclosed shopping centers in Indiana. The mall also has a Carson's store.

Sears Holdings said additional closings would be announced when they are determined.

The only other Indiana store on the closing list is a Kmart in St. John, in the northwest part of the state.

Only 25 of the 79 properties on the closing list are full-line Sears stores. The list also contains 38 Kmarts, 14 Sears Grand/Essentials and two Sears Hardlines.

Florida will be hit the hardest by the closings, losing 11 stores. Ohio, Michigan and Georgia are not far behind with six store closures planned in their states. Tennessee, North Carolina and Minnesota are set to lose four stores each.

A spokeswoman for Sears Holding said each store employs between 40 and 80 people.

None of the closures announced so far are in Sears' home state of Illinois.

The projected closings represent only about 3 percent of Sears Holdings' U.S. stores. Sears and Kmart merged in 2005. The company now has about 3,560 stores in the U.S. That's up from 3,500 immediately after the merger.


 

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  1. First, the Athenaeum is going to have to get past the hurdle with the Lockerbie residents and the agreement that the parcel would be residential. Second, and in my opinion, this prime piece of property should include parking, PLUS, a black box theater(s), some market rate and affordable artist housing and a plan to renovate and reconfigure the second story theater. I would negotiate to add the DeHaan property surface parking lot into the development mix, place a one story surface parking garage on the DeHaan lot on the street level (for the Dehaan tenants use during the daytime) and add a second story to the garage that would become an addition to the current second story theater and then change the direction of the theater by moving the stage across the alley and on top of the DeHaan lot parking. You can add all the stage elements that are currently missing from the Athenaeum stage to make it more attractive for use by Ballet, Opera and traveling productions. Plus, the theater changes would probably help solve some of the soundproofing issues. Alas,it does not seem to be a part of the strategic plan to conduct a study to determine best use of the property. Seems like the current plan is a quick and easy move that ignores the property best use/potential and any strategic property planning for the effect on future generations.

  2. I recall that MSA's pilings are still in the ground and hard to remove. It’s not likely any proposal will include significant underground construction/parking because of this. Start adding 2 floors of retail, 8 floors of parking and 5-10 floors of possible hotel, and/or 10-20 floors of residential, and you are at 30 floors already with possible expansion of all the uses. But then again I could be wrong.

  3. Accoriding to their website there is no deadline to the Do Not Call list. What is this article referring to??

  4. On what planet are they entitled to this largesse from the stockholders? These people make multi-million dollar salaries: Pay for your own personal travel.

  5. It matters because they're already paid enormously fat salaries: Pay for your own personal travel. Being "taxed on it" isn't a valid excuse--so what? They're still being gifted a raft of luxury perks from somebody else's money on top of an enormous, lavish salary.

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