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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. With Pence running the ship good luck with a new government building on the site. He does everything on the cheap except unnecessary roads line a new beltway( like we need that). Things like state of the art office buildings and light rail will never be seen as an asset to these types. They don't get that these are the things that help a city prosper.

  2. Does the $100,000,000,000 include salaries for members of Congress?

  3. "But that doesn't change how the piece plays to most of the people who will see it." If it stands out so little during the day as you seem to suggest maybe most of the people who actually see it will be those present when it is dark enough to experience its full effects.

  4. That's the mentality of most retail marketers. In this case Leo was asked to build the brand. HHG then had a bad sales quarter and rather than stay the course, now want to go back to the schlock that Zimmerman provides (at a considerable cut in price.) And while HHG salesmen are, by far, the pushiest salesmen I have ever experienced, I believe they are NOT paid on commission. But that doesn't mean they aren't trained to be aggressive.

  5. The reason HHG's sales team hits you from the moment you walk through the door is the same reason car salesmen do the same thing: Commission. HHG's folks are paid by commission they and need to hit sales targets or get cut, while BB does not. The sales figures are aggressive, so turnover rate is high. Electronics are the largest commission earners along with non-needed warranties, service plans etc, known in the industry as 'cheese'. The wholesale base price is listed on the cryptic price tag in the string of numbers near the bar code. Know how to decipher it and you get things at cost, with little to no commission to the sales persons. Whether or not this is fair, is more of a moral question than a financial one.

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