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Partial Sears/K-Mart Closure List Released; St Joseph Is NOT On The List


Sears Holdings Corporation on Thursday released a list of 79 Sears and K-Mart stores that will be closing soon, and so far, St Joe is not on the list. Only two stores in Missouri and one in Kansas are set to close

The company announced last week it would be closing between 100 and 120 stores because of weak holiday sales.

Missouri will lose two Sears stores, one in Lee’s Summit and one in St Louis. Just one Kansas retail outlet is on the list, a Sears store in Lawrence.

There are 54 Sears stores and 25 Kmart stores on the partial list released Thursday. Click here to download the list.

Nationwide interest in the list was demonstrated online, as hordes of users hoping to see the list nearly dragged the company’s media Web site to a halt.

The company says it will not provide a total number of employees affected by the closings until the entire list is published. The company gave no indication when the rest of the list will be released, other than to note that additional updates would be posted online as they became available.

A poor year-end and quarterly bottom line led the company to close the stores, and take other measures designed to increase profits. The company hopes to bring in a quick $140 million to $170 million through the sale of inventory from the closed stores, and expects even more cash to roll in as the real estate involved is sold or sub-leased.

They hope to reduce fixed costs by between $100 million and $200 million. They expect other gains through changes in inventory management practices, including reducing their peak inventory by $300 million.

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