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Sears Holdings to close 103 stores, including local Kmart

January 4, 2018

Sears Holdings Corp. on Thursday said it plans to close 103 more stores, including a Kmart in Indianapolis.

The Hoffman Estates, Illinois-based retailer said the Kmart at 5101 E. Thompson Road Road would begin liquidating merchandise this month and shut down in early April.

The closure will leave Indianapolis with just one remaining Kmart, at 6780 W. Washington St. The only other Kmart store in the area is in Elwood. An Anderson Kmart that is still listed on the retailer's list of open stores closed in October.

Sears Holdings said it would shut down two other Indiana properties—the only Kmart in Bloomington and the only Sears store in Evansville. Those closings also are slated for early April. The Evansville closure includes a Sears Auto Center, which will cease operations later this month.

Overall, Sears Holdings said it would shut down 64 Kmart stores and 39 Sears stores nationally between early March and early April.

A Sears Holdings spokesman said Thursday the number of workers affected was not available. The majority of the jobs in the stores are part-time positions, Sears said. The retailer said some employees at the closed stores would be eligible for severance and some would have the opportunity to apply for open positions at other stores.

The latest round of closures follows the closings of about 330 stores in 2017.

The struggling retailer has been selling off some its real estate and brands as it tries to raise cash.

Sears Holdings, once the largest retailer in the United States, has suffered 24 straight quarters of sales declines.

As of the end of October, it operated 1,104 stores, down from 2,019 in 2012.

 

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