The Sears location at the Galleria Mall in Centerville will be closing this spring. The trust bailed out Sears Holdings by buying 266 Sears and Kmart stores for $2.7 billion. Sears CEO Edward Lampert is also an investor in Seritage and chairman of the company's board.
Among the list of impacted stores are Kmart locations in Niles and Hermitage. Midland, Austin, and Houston will all see one Sears location close while Portland, TX will see it's Kmart close. With its lack of merchandise, Sears failed to distinguish itself from other retailers, she said.
The announcement lists 64 Kmart stores and 39 Sears stores closing in March and April. Sears leases the almost 200,000-square-foot store from Seritage Growth Properties, a real estate investment trust spun off from Sears in 2015.
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Sears had already been planning to downsize in Orland Park, where it's been an anchor store since the mall opened in 1976. At the time, Sears was expected to remain open in the renovated store's lower level.
Business Insider reports the company's sales are down 45% since early 2013.
Sears Holdings said in the statement that it would continue assessing the productivity of Kmart and Sears stores and will "right size our store footprint in number and size".
Sue Gill, 58, of Beachwood, N.J., about a mile from Toms River, said she will miss the Sears there, where she shops at least once a month.