Sears plans to shutter four Kmart stores in California

Discount chain to close a total of 28 across the country

Los Angeles /
Aug.August 25, 2017 02:00 PM

Kmart is heading for the exits again.

Parent company Sears Holdings Corp. announced Thursday that it will close 28 more Kmart stores, including four in California, by November. The company has previously made plans to cut 330 Sears or Kmart locations this year.

The Kmart at 10400 Rosecrans Avenue in Bellflower and at 23222 West Valencia Boulevard in Valencia are among the four expected to close in California, the Pasadena Star News reported.

A location in Hesperia and Jackson are the other two stores closing this year.

Sears Holdings has been trying to cut costs by shuttering stores as it faces declining sales and profits.

In March, the firm said there was “substantial doubt” that it would be able to continue operating. [PSN] — Subrina Hudson


Related Articles

arrow_forward_ios
Renderings of The Star
The Star, a $500M office tower project, looks to light up Hollywood
The Star, a $500M office tower project, looks to light up Hollywood
The Boyd Street fire in May, 2020 (Getty)
LA fire captain sues building, vape shop owners over May 2020 explosion in downtown
LA fire captain sues building, vape shop owners over May 2020 explosion in downtown
(Getty Images)
SoCal’s “Space Beach” is ready for liftoff
SoCal’s “Space Beach” is ready for liftoff
Clockwise from top left: Kilroy Realty CEO John Kilroy, Boston Properties CEO Owen Thomas, TMG Partners CEO Michael Covarrubius and Eastdil Secured CEO Michael Van Konynenburg (Kilroy, LinkedIn via Thomas, TMG Partners, LinkedIn via Van Konynenburg, Getty)
“We gotta get people back to the office”: West Coast landlord execs press for return
“We gotta get people back to the office”: West Coast landlord execs press for return
Oxford Properties CEO Michael Turner and the campus (Oxford)
Oxford moves into LA with $134M industrial buy
Oxford moves into LA with $134M industrial buy
Post-production campus in Burbank sells for $37M
Post-production campus in Burbank sells for $37M
Post-production campus in Burbank sells for $37M
G6 Hospitality CEO Rob Palleschi and Motel 6 San Jose South, one of the largest assets in the portfolio (G6)
Blackstone’s Motel 6 portfolio gets $685M CMBS loan
Blackstone’s Motel 6 portfolio gets $685M CMBS loan
Sares-Regis Group CEO Rob Wagner and Huntington Gateway
Sares Regis inks tenant for 434K sf unfinished Orange County site
Sares Regis inks tenant for 434K sf unfinished Orange County site
arrow_forward_ios

The Deal's newsletters give you the latest scoops, fresh headlines, marketing data, and things to know within the industry.

Loading...