More local Kmart stores closing: Butler, Belle Vernon, Indiana

Lucy Bush
June 8, 2017

A Wyoming store is on the latest list of store closings, according to a memo released internally by Sears today.

Officials confirmed that employees were notified Tuesday that the department store, located at 1720 S. Center St., will close its doors effective Sunday, Sept. 3. That's in addition to the 180 store closings announced earlier this year.

You can find the entire list HERE.

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Most closures will be closed in September. Last month, Sears Holdings reported its first quarterly profit in almost two years. The company also operates a Sears store at the Indiana Mall.

The closings include the Cortlandville store and two others in Central New York. The former Sears store on West Main Street was purchased by the Houston County School Board and is now home to the Houston County Career Academy.

The closing of the Kmart is part of the overall challenges being faced by many retailers because of declining foot traffic, a poor holiday shopping season and increasing competition from online retailers. Five years ago the company operated nearly 2,100 stores.

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Sears Holdings Company [NASDAQ: SHLD] was trading on June 7 at $6.79 per share, giving it a market capitalization value of $779 million.

Business Insider says most of the stores will close in September. Three of those Kmart locations are in western Pennsylvania.

The Sears Hometown Stores in Potsdam and Massena were not affected by the nationwide closures because they are owned by an independent, publicly-traded company named Sears Hometown and Outlets Stores, Inc.

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Other reports by Info About Network

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