No New Jersey locations were included in the latest list of store closings, but a Sears and a Kmart just over the Pennsylvania border will go out of business
The number of Sears and Kmart stores will dwindle further as the company plans to close an additional 40 locations by early next year.
The latest closure list does not include any New Jersey stores, though two are just over the border in Pennsylvania – a Kmart on Roosevelt Boulevard in Philadelphia and a Sears at the Stroud Mall in Stroudsburg, Pennsylvania will soon be gone.
Sears Holdings said it will shut 29 Sears and 11 Kmart locations by February.
The debt-ridden Hoffman Estates, Illinois based company, which declared for Chapter 11 bankruptcy in October, announced then that 142 stores would close.
Three of those stores are in New Jersey – Sears locations on Route 35 in Middletown and at the Deptford Mall in Gloucester County will go out of business along with a Kmart on Delsea Drive in Glassboro.
In August, Sears Holdings announced the closure of 46 unprofitable stores that are expected to be complete by the end of November. That round includes the Sears store in the Hamilton Mall in Atlantic County.
In May, Sears Holding Corp. announced 72 closures nationally amid a dismal first quarter earnings report that showed a $424 million loss. For New Jersey, that list included:
- Sears at the Quaker Bridge Mall in Lawrenceville
- Sears on at the Seaview Square Mall Route 66 in Ocean Township
- Sears at The Center Burlington Mall in Burlington
- Kmart on Barbour Avenue in Clifton
In January, Sears said 103 stores were to close in the first three months of the year, including the Sears in the Ocean County Mall.
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