Sears Holdings Corp. plans to close between 100 and 120 Sears and Kmart stores after poor sales during the holidays, the Associated Press reported Tuesday.
Sears Holdings (SHLD) said it has yet to determine which stores will close but said it will post the list on http://www.searsmedia.com. Sears would not discuss how many, if any, jobs would be cut, the AP reported.
is one of the anchor stores at the Nanuet Mall. Nanuet Mall owners Simon Property plans to everything other than Sears and Macy's starting Jan. 1. Sears owns their building and will be part of the new
Simon is currently working with Sears and Macy's to update their exterior look to match the design theme of the upcoming Shops at Nanuet. According to Simon, Macy's is on board, but Sears is hesitant with updating the look of their exterior building.
Sears has not disclosed which locations will be closing, but if the Nanuet Mall's Sears is one of them, what do you think will happen? Tell us in the Comments section below.
If this Sears is one of the 100+ to close, Will it be replaced with a new department store, new retail stores or just more open space and parking?
How will Simon's plans change?
Since Sears owns that building, who will buy it after it closes, if it closes? What Amazing Closeout Sales are you expecting?
They won't survive.
The average citizen lost 8% on his/her investments. Congress voted themselves a 15% increase.