Local Sears unaffected by closings

Published 2:09 pm Friday, December 30, 2011

The Greenville Sears is stronger than ever, according to its owner, Lisa Mullen.

Sears Holding Corporation recently announced plans to close 100 to 120 Kmart and Sears stores nationwide in an effort to reduce expenses and transform the business model.

“There was an announcement about Kmart and Sears closing a bunch of stores because of poor sales,” Mullen said. “It has nothing to do with us locally. It’s more full-line retail stores. We’re good to go and as strong as ever.”

Email newsletter signup

According to a release issued by Sears Holding Corporation, after the store closures will generate between $140 and $170 million as the net inventory is sold in the stores.

“Given our performance and the difficult economic environment, especially for big-ticket items, we intend to implement a series of actions to reduce on-going expenses, adjust our asset base, and accelerate the transformation of our business model. These actions will better enable us to focus our investments on serving our customers and members through integrated retail — at the store, online and in the home,” Chief Executive Officer Lou D’Ambrosio stated in the release.

Check out the full listing of Sears and Kmart stores that will be closed nationwide.