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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. In reality, Lilly is maintaining profit by cutting costs such as Indiana/US citizen IT workers by a significant amount with their Tata Indian consulting connection, increasing Indian H1B's at Lillys Indiana locations significantly and offshoring to India high paying Indiana jobs to cut costs and increase profit at the expense of U.S. workers.

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