Brooklyn Center Sears will close in September

Brooklyn Center Sears will close in September

Some 400 Sears and Kmart stores have closed in the past year while the parent company continues to stay solvent.

The exact closing date and start of liquidation sales was not announced, but the company indicated they could begin by June 14.

A Kmart store at 9881 W. 58th Ave.in Arvada was on the list of closures the retailer released Thursday afternoon.

The local closure its part of Sears Holdings' ongoing efforts to eliminate non-profitable stores and focus on their stronger markets. Sears is one of several anchors at the 603,475-square-foot shopping center, which is 99.5 percent occupied, according to Whitehall Mall owner Washington Prime Group's annual report.

The list of store closings is due to be announced mid-day Thursday. Sears also hinted at more closings to come, saying the 63 stores were among 100 stores the company had identified as unprofitable.

It also has Hometown Stores in 16 other Kansas cities.

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Almost four years ago Sears Holdings closed its Sears department store at Towne West, 4600 W. Kellogg.

Sears, founded in 1893 as a mail-order business, has faced a number of hurdles in recent years as consumers increasingly shop online.

"We will be working with them closely as the plans are finalized by Sears Holding as to the future of the building". Revenue plunged more than 30 percent to $2.89 billion, with store closings already under way contributing to nearly two thirds of the decline.

On Thursday, Sears reported a first-quarter loss of $424 million, or $3.93 per share. Revenue fell due to fewer stores and a 12 percent drop in same-store sales.

In Washington state, Redmond, Shoreline, Chehalis and Federal Way are among those to lose their Sears' stores this year, along with the Chehalis Kmart.

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