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Sears to close Prices Corner store

Sears to close Prices Corner store

The chain closed more than 350 locations a year ago, leaving only 597 Sears stores and 610 Kmart locations in the U.S.

The stores are set to close in early April of this year.

Sears said it notified employees Thursday and the company will offer severance to eligible employees.

At its peak in the 2000s, there were 3,500 Sears stores and 2,171 Kmart locations throughout the country.

Sears declined to specify how many employees will be displaced by the latest round of store closings.

The Sears store in Hanford is shutting its doors.

Perkins said the once-iconic department store has had just one quarter of positive same-store sales growth in the last 12 years.

Two Kmart stores in MI are set to close by early April as part of a new round of store closures around the country, parent company Sears Holdings Corp. announced Thursday. Sears Canada, of which Sears Holdings owns 10 percent, filed for bankruptcy in June and is in the process of liquidation.

There are Sears locations remaining open at Castleton Square Mall and in Greenwood.

The Kmart store in Chehalis is on the April closure list.

Another former anchor, Nordstrom, closed its Lloyd Center store in January 2015. Those chains reported sales growth for the key November and December period.

The news follows on the heels of Macy's announcement it is closing its store in downtown Burlington, as brick-and-mortar retail continues to be battered by online shopping.

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