Sears/K-Mart to close 100-125 stores
 

it's a shame...but they are high...saw a washer there for like $2900.

Yeah, I heard they were doing this in Chicago, but I didn't know they were doing this elsewhere. I think it's because of lack of sales.

Here is a list of 79 of the 120 K-Mart and Sears stores closing.

http://searsholdings.com/about/122711_close.pdf

The rest will be announced shortly and be announced to that list. Or just go to searsholdings.com

Hope that don't come to Canada

Looks like Texas is safe for now.

That Sears in Ellicott City, MD I've only ever been in one time just because I was thinking, "What? I thought Sears were only found in malls!" As it turned out, there was once a small mall on US 40 where that closing Sears is located. And honestly, people can just drive 10 minutes to the next closest one from there. It's hard to believe that for most of the 20th century, Sears was the nation's largest retailer. I've left a couple comments on flickr's catalog images on the TMNT sections. Despite efforts to move online, it's prices either can't compete with competitors or simply have low quality for what you'll pay for. I feel that Wal-Mart really ate into KMart, and Target/Macy's/Home Depot/Lowe's (since there are so many of those around now) really ate into Sears. I realized this about 15 years ago in fact that Sears/Kmart's best days were behind them.

One of three Kmarts in my city is to be closed. There is only one Sears store, so it is safe.

The problem with Sears is twofold. I saw this coming a while ago.

The first problem is their customer base is mainly older customers (50+).
I think they have an image problem as being antiquated. Their men's
section certainly looks like Arnie Palmer shops there. Ask most under forty if they shop there and they will usually say they don't but their parents or grandparents do.

The other problem is their prices are too high on a lot of products as well. It's fine if your house brand label is at a decent price, but people are still going to look at name brand products as a benchmark (pardon the brand pun).

Also they haven't spent the money to update their stores because they don't have the capital to do so. I much perfer JCPenney's anyway; they have the tall sizes I need with great prices and much better sales help.

The K-Mart closings haven't affected my area, yet it hits me hard. When I was younger, I definitely bought my share of TMNT figures there. Most recently, I bought the first movie DVD there. Regardless, I do my best to support my local K-Mart, because it has so many nice things.

Which is also why I will be buying my OT DVDs from K-Mart's online store from now on. (Have four of them, and will be working on the rest throughout the year and next. I wish I had the epiphany to get them all from K-Mart.com, yet it didn't work out that way.) Their prices are quite reasonable, and some cases, a little cheaper than Amazon and other places.

It is a reminder that nothing can last forever, unfortunately. I'll spare the political/economic commentary, as that's for another time. At least, they're still around for the near future. Thank heaven.

Yeah the two K-Marts near us aren't closing, so that's a good thing.

Well, on the news today I heard that three Sears stores are closing in major cities in Canada; one in Vancouver, Ottawa, and not sure the last