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VOL. 35 | NO. 51 | Friday, December 23, 2011

Sears to close two Midstate stores

Wire reports

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The Hickory Hollow Sears and the Hendersonville Kmart are on the initial list of 79 stores to be closed by Sears Holdings Corporation, which announced this week it will close up to 120 locations.

Other Tennessee stores closing include Sears locations in Oak Ridge and Cleveland.

After a disastrous holiday shopping season, the parent company of Sears and Kmart would close at least 100 stores to raise cash — a move that sparked speculation about whether the 125-year-old retailer can avoid a death spiral fed by declining sales and deteriorating stores.

Sears Holdings Corp., a pillar of American retailing that famously began with a mail-order catalog in the 1880s, declared Tuesday that it would no longer prop up "marginally performing" locations. The company pledged to refocus its efforts on stores that make money.

The closings are the latest and most visible move by Eddie Lampert, the hands-on chairman who has struggled to reverse the company's fortunes.

As rivals Wal-Mart and Target Corp. spruced up stores in recent years, Sears Holdings confronted falling sales and perceptions of dowdy merchandise.

Some analysts wondered if it was already too late, questioning whether the retailer can afford to upgrade stores as it burns through its cash reserves.

The sales weakness "begins and some would argue ends with Sears' reluctance to invest in stores and service," Credit Suisse analyst Gary Balter wrote in a note to clients.

"There's no reason to go to Sears," added New York-based independent retail analyst Brian Sozzi. "It offers a depressing shopping experience and uncompetitive prices."

Initial store closings:

Sears Hardlines Only 1916 19th Ave Lewiston ID 83501 TBD

Sears Hardlines Only Us Hwy 25e - Ste B2 Middlesboro KY 40965 TBD

Grand/Essentials 5451 Halls Mill Rd Ste 14 Mobile - Halls Mill AL 36619 TBD

Grand/Essentials 101 E Interntn'l Speedway Deland FL 32724 TBD

Grand/Essentials 12080 Carmel Mountain Rd San Diego - Carmel CA 92128 TBD

Grand/Essentials 3020 Se Federal Hwy Stuart FL 34997 TBD

Grand/Essentials 4560 Forest Hill Blvd W Palm Beach FL 33406 TBD

Grand/Essentials 3610 Peck Rd El Monte CA 91732 TBD

Grand/Essentials 7655 Clairemont Mesa Blvd San Diego - Clarmnt CA 92111 TBD

Grand/Essentials 375 Amherst St Bldg 1 Nashua NH 03063 TBD

Grand/Essentials 480 West Street Keene NH 03431 TBD

Grand/Essentials 1363 Nw St Lucie W Blvd Port St Lucie FL 34986 TBD

Grand/Essentials 9200 Baltimore Nat Pike Ellicott City MD 21042 TBD

Grand/Essentials 8375 E Grand River Brighton MI 48116 TBD

Grand/Essentials 601 North M-291 Lee's Summit MO 64063 TBD

Grand/Essentials 625 Highway 136 West Baraboo WI 53913 TBD

Sears Full-Line 1400 Metrocenter Jackson MS 39209 TBD

Sears Full-Line 150 S 69th St Upper Darby PA 19082 TBD

Sears Full-Line 18000 Vernier Ave Harper Woods MI 48225 TBD

Sears Full-Line 15 Crestwood Plz St Louis-Crstwd MO 63126 TBD

Sears Full-Line 5244 Hickory Hollow Pkwy Antioch TN 37013 TBD

Sears Full-Line 3661 Eisenhower Pkwy Macon GA 31206 TBD

Sears Full-Line 880 N Military Hwy Ste 1086 Norfolk VA 44221 TBD

Sears Full-Line 921 Eastchester Dr Ste 1002 High Point NC 27262 TBD

Sears Full-Line 2121 N Monroe St Space 300 Monroe MI 38671 TBD

Sears Full-Line 1722 Veterans Blvd Mccomb MS 39648 TBD

Sears Full-Line 1404 Old Aberdeen Rd Columbus MS 39705 TBD

Sears Full-Line 2109 S Scatterfield Rd Anderson IN 46016 TBD

Sears Full-Line 1357 S Main St Adrian MI 49221 TBD

Sears Full-Line 5167 Hwy 70 Cypress Bay Plaza; Suite 90 Morehead City NC 28557 TBD

Sears Full-Line 2727 Iowa St Lawrence KS 66046 TBD

Sears Full-Line 1400 Nw Garden Valley Blvd #1 Roseburg OR 97470 TBD

Sears Full-Line 200 Paul Huff Pkwy Nw Cleveland TN 37312 TBD

Sears Full-Line 1057 Broad St Sumter SC 29150 TBD

Sears Full-Line 363 S Illinois Ave Oak Ridge TN 37830 TBD

Sears Full-Line 1250 S Hover Rd Longmont CO 80501 TBD

Sears Full-Line 351 W Schuylkill Rd Pottstown PA 19465 TBD

Sears Full-Line 1801 Nw Us Highway 19 Crystal River FL 34428 TBD

Sears Full-Line 1631 W Rose St Ste 2 Walla Walla WA 99362 TBD

Sears Full-Line 1100 N Wesleyan Blvd Rocky Mount NC 27804 TBD

Sears Full-Line 1689 E Broad St Statesville NC 28677 TBD

Kmart 17625 Chillicothe Rd Chagrin Falls OH 44023 TBD

Kmart 951 By-Pass Rd Winchester KY 40391 TBD

Kmart 2601 S Main St Rice Lake WI 54868 TBD

Kmart 2960 Derr Road Springfield - N'land OH 45503 TBD

Kmart 51027 Highway #6 Glenwood Springs CO 81601 TBD

Kmart 1605 Buford Highway Buford GA 30518 TBD

Kmart 101 Town & Country Lane Hazard KY 41701 TBD

Kmart 1525 Sadler Road Fernandina Beach FL 32034 TBD

Kmart 225 S Tyndall Pkwy Callaway FL 32404 TBD

Kmart 66011 Van Dyke Washington Twp. MI 48095 TBD

Kmart 9550 Wicker St. John IN 46373 TBD

Kmart 1724 State Road 44 New Smyrna Beach FL 32069 TBD

Kmart 1605 S First Street Willmar MN 56201 TBD

Kmart 50700 Gratiot Ave North Chesterfield Twp. MI 48051 TBD

Kmart 9552 Highway 5 Douglasville GA 30135 TBD

Kmart 237 East Main Hendersonville TN 37075 TBD

Kmart 5005 W 120th Broomfield CO 80020 TBD

Kmart 1777 U S 1 South St. Augustine FL 32086 TBD

Kmart 2047 E University Drive Auburn AL 36830 TBD

Kmart 75 E Broad St Gadsden AL 35903 TBD

Kmart 2727 16th Ave S W Cedar Rapids-16th Av IA 52404 TBD

Kmart 2244 S Reynolds Rd Toledo - Reynolds Rd OH 43614 TBD

Kmart 627-701 E Manhattan Blvd Toledo - Manhatn Blv OH 43608 TBD

Kmart 7201 Pendleton Pike Indy - Pendlton Plza IN 46226 TBD

Kmart 230 Cleveland Ave S W Atlanta GA 30315 TBD

Kmart 1105 North Court Street Medina OH 44256 TBD

Kmart 810 Saxon Blvd Orange City FL 32763 TBD

Kmart 5600 Milgen Rd - Bldg 106 Columbs-Manch Sq GA 31907 TBD

Kmart 7965 Tara Boulevard Jonesboro GA 30236 TBD

Kmart 11003 Hull St Rd Midlothian VA 23113 TBD

Kmart 3616 W Kimberly Rd Davenprt-Kimbrly Rd IA 52806 TBD

Kmart 2421 N Federal Hwy Pompano Beach FL 33064 TBD

Kmart 4141 Martin Way Lacey WA 98516 TBD

Kmart 3100 Hamilton Rd Columbus - Hamltn Rd OH 43227 TBD

Kmart 1734 Mall Dr Duluth - Mall Dr MN 55811 TBD

Kmart 4300 Xylon N New Hope MN 55428 TBD

Kmart 3201 White Bear Ave White Bear Lake MN 55110 TBD

Kmart 6807 Midlothian Turnpike Richmond - Midloth VA 23225 TBD

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