Liquidation banners hang from the ceiling of a Kmart store in Oregon City, Ore. (Source: Mitch Nolen)
"I was like, 'Oh my gosh!'" Shyloh Becker said, upon hearing that her Oregon City, Ore., Kmart store was going to close. She has a layaway account at the store for her family's Christmas presents. Raising five children can be expensive, she says, so it's helped to be able to lock down sale prices and pay in installments.
But her store is one of many on an ever-growing list of Sears (NASDAQ:SHLD) and Kmart locations slated to shut down in coming months. And in recent days, reports of layoffs and liquidation sales have begun reaching into the 2015 fiscal year.
(Story continues below.)
ALL SALES FINAL: Exclusive list of Sears, Kmart closures from November through 2015.
|AL||Centre||Kmart||1525 Chestnut Bypass||(256) 927-8000||54||December 7|
|AL||Dothan||Sears + Auto||662 W Main St||(334) 793-3111||68||Early December|
|AL||Huntsville||Kmart||Huntsville Center||(256) 539-0491||73||January 11|
|AL||Scottsboro||Kmart||22991 John T Reid Pkwy||(256) 259-2728||51||December 7|
|AZ||Phoenix||Kmart||336 E Baseline Rd||(602) 276-1181||109||Mid January|
|CA||Covina||Kmart||1162 N Citrus Ave||(626) 967-1455||92||December 7|
|CA||Cupertino||Sears + Auto||Vallco Shopping Mall||(408) 864-6600||Unk.||2015|
|CA||Diamond Bar||Kmart||249 S Diamond Bar Blvd||(909) 861-7741||Unk.||December 7|
|CA||El Centro||Kmart||1950 N Imperial Ave||(760) 337-8112||75||January 18|
|CA||Rocklin||Kmart||5615 Pacific St||(916) 624-7003||63||January 11|
|CA||San Leandro||Kmart||250 Floresta Blvd||(510) 895-9055||102||December 7|
|CA||Yuba City||Kmart||850 Gray Ave||(530) 673-4101||63||December 7|
|CT||Torrington||Kmart||681 Main St||(860) 489-1332||73||December 7|
|DE||Claymont||Kmart||333 Naamans Rd||(302) 792-2881||87||Early December|
|FL||Naples||Kmart||4383 Tamiami Trail N||(239) 261-2560||72||Mid January|
|FL||New Port Richey||Kmart||5725 US 19||(727) 842-7606||58||December 7|
|FL||Oakland Park||Kmart||670 E Oakland Park Blvd||(954) 563-6246||112||Early November|
|FL||Tampa||Kmart||2915 N Dale Mabry Hwy||(813) 879-7600||Unk.||January|
|FL||Winter Springs||Kmart||1425 Tuskawilla Rd||(407) 699-1333||69||Mid January|
|FL||Zephyrhills||Kmart||7422 Gall Blvd||(813) 783-8181||68||December 6|
|GA||Snellville||Kmart||2420 Wisteria Dr SW||(770) 972-0553||Unk.||January 18|
|IA||Ames||Kmart||1405 Buckeye Ave||(515) 232-7554||44||Early December|
|IA||Clive||Kmart||10331 University Ave||(515) 222-0868||49||November 30|
|IA||Fort Dodge||Sears + Auto||Crossroads Mall||(515) 574-8200||41||January 18|
|ID||Chubbuck||Sears Only||Pine Ridge Mall||(208) 237-7160||28||Early November|
|IL||Bloomington||Kmart||1608 E Empire St||(309) 662-3351||79||January 11|
|IL||Crystal Lake||Kmart||6000 Route 14||(815) 455-2960||77||November 23|
|IL||Danville||Sears + Auto||Village Mall||(217) 431-7100||63||November 23|
|IL||Forest Park||Kmart||7630 W Roosevelt Rd||(708) 771-1684||107||Early December|
|IL||Forsyth||Sears + Auto||Hickory Point Mall||(217) 872-4400||45||November 23|
|IL||Peoria||Kmart||901 W Lake Ave||(309) 682-0350||73||December 7|
|IN||Bedford||Kmart||1320 James Ave||(812) 275-3022||62||December 7|
|IN||Decatur||Kmart||804 S 13th St.||(260) 728-2010||49||December 7|
|IN||Fort Wayne||Kmart||820 N Coliseum Blvd||(260) 426-4546||69||December 7|
|IN||Greenwood||Kmart||860 Hwy. 31 S||(317) 882-2271||78||November 30|
|IN||Indianapolis||Kmart||7425 E Washington St||(317) 357-8556||139||December 7|
|IN||Indianapolis||Kmart||2715 Madison Ave||(317) 783-6621||131||Early December|
|IN||Indianapolis||Sears + Auto||Washington Square Mall||(317) 890-4100||91||December 7|
|IN||Muncie||Kmart||1501 E McGalliard Rd||(765) 282-3434||59||December 7|
|KS||Manhattan||Sears + Auto||103 Manhattan Town Ctr||(785) 532-0200||72||November 23|
|KS||Wichita||Sears + Auto||Towne West Square||(316) 941-2700||103||December 7|
|KY||Owensboro||Sears + Auto||Towne Square Mall||(270) 688-6200||52||Early December|
|MA||Kingston||Sears + Auto||Independence Mall||(781) 582-3600||73||Mid January|
|MD||Baltimore||Kmart||5760 Wabash Ave||(410) 358-5700||107||December 7|
|ME||Presque Isle||Sears + Auto||Aroostook Centre Mall||(207) 768-2000||63||January 18|
|MI||Ann Arbor||Kmart||215 N Maple Rd||(734) 761-8557||59||Mid January|
|MI||Bay City||Sears + Auto||Bay City Mall||(989) 667-3025||47||Mid January|
|MI||Burton||Kmart||1145 N. Belsay Rd||(810) 744-4800||85||December 7|
|MI||Flint||Kmart||3083 Miller Rd||(810) 238-2615||81||December 7|
|MI||Iron Mountain||Kmart||1800 S Stephenson Ave||(906) 779-1311||54||Mid January|
|MI||Madison Heights||Kmart||29101 John R Rd||(248) 546-8000||179||December 7|
|MI||Port Huron||Kmart||Stadium Center||(810) 989-7600||188||December 7|
|MI||Rochester Hills||Kmart||1100 S Rochester Rd||(248) 652-1333||77||December 7|
|MI||Waterford||Sears + Auto||Summit Place Mall||(248) 683-3600||75||December 7|
|MN||Anoka||Kmart||1100 W Main St||(763) 427-7507||47||December 7|
|MN||Blaine||Kmart||8949 University Ave NE||(763) 786-9830||60||December 7|
|MN||Burnsville||Kmart||14230 Burnhaven Dr||(952) 435-9883||62||December 7|
|MN||Waite Park||Kmart||40 2nd St S||(320) 251-3343||57||December 7|
|MO||Florissant||Kmart||2855 Dunn Rd||(314) 921-8011||100||December 7|
|MO||St. Joseph||Kmart||3909 Hwy 169 S||(816) 364-1562||64||Early November|
|MT||Bozemann||Kmart||1126 N 7th Ave||(406) 587-5191||37||January|
|MT||Great Falls||Sears + Auto||Holiday Village Mall||(406) 771-4000||65||November 23|
|NC||Cary||Sears Only||Cary Towne Center||(919) 380-4800||66||Mid January|
|NC||Gastonia||Sears + Auto||Eastridge Mall||(704) 810-5700||65||December 7|
|NC||Greensboro||Kmart||1302 Bridford Pkwy||(336) 294-1566||96||Early November|
|NC||Kinston||Kmart||1628 N Queen St||(252) 522-3462||64||December 7|
|NC||Reidsville||Kmart||1623 Way St||(336) 342-5716||54||December 7|
|ND||Dickinson||Kmart||1761 3rd Ave W||(701) 227-1861||41||Late November|
|NE||Omaha||Kmart||13450 W Maple Rd||(402) 492-2709||50||December 7|
|NH||Claremont||Kmart||367 Washington St||(603) 543-1990||59||December 7|
|NJ||Dover||Kmart||140 Route 10||(973) 361-5950||91||December 7|
|NJ||Paramus||Kmart||859 N Route 17||(201) 444-8550||74||December 6|
|NM||Albuquerque||Kmart||1640 Rio Rancho Blvd SE||(505) 892-6669||59||December 7|
|NV||Sparks||Kmart Distribution||1400 S McCarran Blvd||(775) 359-2610||100||Late December|
|NY||Auburn||Sears + Auto||Fingerlakes Mall||(315) 258-6300||51||Mid January|
|NY||Bronx||Sears Only||404 E Fordham Rd||(718) 817-7300||91||Late November|
|NY||DeWitt||Kmart||Erie Blvd E||(315) 445-1904||92||Mid January|
|NY||Ithaca||Sears + Auto||Ithaca Mall||(607) 266-6100||37||November 23|
|NY||Massena||Sears + Auto||St. Lawrence Centre||(315) 764-3500||51||January 18|
|OH||Columbus||Sears Distribution||4100 Lockbourne Rd||(614) 492-5304||200||January 16|
|OH||Columbus||Sears Repair||6230 Busch Blvd||(614) 430-5944||112||Early November|
|OH||Fairborn||Kmart||224 E Dayton-YS Rd||(937) 879-3390||66||Early December|
|OH||Marysville||Kmart||1000 N Main St||(937) 642-5420||40||December 7|
|OH||Solon||Sears + Auto||6221 SOM Center Rd||(440) 519-8500||53||December 7|
|OH||Springfield||Kmart||1476 Upper Valley Pike||(937) 323-9131||68||Early December|
|OK||Enid||Sears + Auto||Oakwood Mall||(580) 249-5200||38||Mid January|
|OK||Muskogee||Sears + Auto||Arrowhead Mall||(918) 684-2600||60||Early November|
|OR||Albany||Sears + Auto||Heritage Mall||(541) 967-3217||57||January 18|
|PA||Bloomsburg||Sears + Auto||Columbia Mall||(570) 387-2500||57||Mid January|
|PA||Chambersburg||Sears + Auto||Chambersburg Mall||(717) 261-2100||62||Mid January|
|PA||Frackville||Sears + Auto||Schuylkill Mall||(570) 874-2133||84||Mid January|
|PA||King of Prussia||Sears + Auto||King of Prussia Mall||(610) 962-6489||114||Early December|
|PA||Lebanon||Sears + Auto||Lebanon Plaza||(717) 228-3000||51||January 18|
|PA||Rochester||Kmart||300 Brighton Ave||(724) 775-3400||78||Early December|
|PA||Tarentum||Sears + Auto||Galleria at Pittsburgh Mills||(724) 410-9100||97||Mid January|
|PA||Warren||Kmart||1666 Market St||(814) 723-6251||62||December 7|
|PA||West Mifflin||Sears + Auto||Century III Mall||(412) 655-6255||88||Early December|
|SC||Myrtle Beach||Kmart||1403 N Kings Hwy||(843) 626-3066||59||December 7|
|TN||Dickson||Kmart||301 Henslee Dr||(615) 446-7487||65||Mid November|
|UT||Woods Cross||Kmart||680 W 2600 S||(801) 292-7276||54||December 6|
|VA||Chesapeake||Sears + Auto||Chesapeake Square||(757) 465-4255||82||Mid January|
|VA||Dale City||Kmart||2851 Dale Blvd||(703) 670-3186||69||December 7|
|VA||Front Royal||Kmart||Royal Plaza||(540) 636-6181||88||January 18|
|VT||Rutland||Sears + Auto||Diamond Run Mall||(802) 770-3000||65||Early December|
|WA||Burlington||Sears Only||Cascade Mall||(360) 757-5500||65||January 18|
|WI||Eau Claire||Kmart||2424 E Clairemont Ave||(715) 834-2938||93||Early February|
|WI||Fond du Lac||Sears + Auto||Forest Mall||(920) 926-2000||42||Early November|
|WI||Glendale||Sears + Auto||Bayshore Town Center||(414) 961-5151||86||December 7|
|WI||Glendale||Sears Repair||5900 N Port Washington Rd||(414) 961-5151||67||December 7|
|WI||Janesville||Kmart||2233 Old Humes Rd||(608) 754-0244||70||Early December|
|WI||Plymouth||Kmart||2615 Eastern Ave||(920) 892-2454||59||December 7|
|WI||Sheboygan||Sears + Auto||Kohler Memorial Mall||(920) 208-2000||31||Early December|
|WI||Sheboygan||Sears Repair||3353 Kohler Memorial Dr||(920) 208-2000||30||February 22|
|WV||Bluefield||Sears + Auto||Mercer Mall||(304) 327-2700||64||Early December|
*Store closure dates may change due to the pace of liquidation. Entries in bold are new since last month's report.
Fortunately for Becker, her store isn't closing until after the holidays. But other shoppers, enticed by aggressive Kmart layaway promotions, must now transfer their accounts to farther-away stores or the company's website, or get refunds, as dozens of Kmart locations are closing before Christmas. Some stores, like those in Centre, Ala., and Greenwood, Ind., have even accelerated their previously announced January shutdowns to as early as November.
At least 70 Kmart stores are closing in the fourth quarter and beyond. Another 39 Sears stores, 35 Sears Auto Centers, two distribution centers and three repair facilities are being shuttered. Over 8,000 layoffs are attributed to the closures.
Sears Holdings Corp. has repeatedly refused to confirm the size or basic details of its planned closures to national media -- the most a spokesperson would offer was a non-denial -- but the company has gradually informed individual stores and local media of new layoffs and liquidation sales. This list was compiled from local news reports, WARN notices filed with state governments and employee tips, and closures were confirmed with calls to individual stores.
Sears has said it will report its tally of store reductions in its third-quarter earnings, due out by early December.
At Sears stores, the cuts are extending beyond the locations being closed. Employees say heads of electronics departments have been let go as Sears earnings show consumer electronics to be among the worst-performing products at both Sears and Kmart stores. Other locations report that store-level loss prevention managers have been replaced by multi-unit managers who are responsible for more than one store.
Many locations also report that their human resources managers have been replaced with district HR managers and a hotline. Workforce reductions have taken place at the company's auto centers as well, the workers say. And many Sears positions that were vacated through retirement, quitting, or firing have been left unfilled.
Sears is, however, hiring for the holidays, and new employees are regularly brought on due to high employee turnover. Multiple employees say that, at their particular stores, for every five new hires only one worker ultimately stays.
Sears Holdings has posted 30 straight quarters of revenue declines and nine consecutive losses, amounting to over $1.8 billion in negative profits over the past four quarters. The retailer has also managed only one quarterly rise in same-store sales since the 2005 merger of Kmart and Sears.
While Sears may not be making money from customers, the company has raised big sums in recent months from its CEO's hedge fund and other investors through a variety of methods. A $400 million property-secured loan from CEO Edward Lampert's ESL Investments was announced in September. Another $380 million was raised from selling Sears Canada stock in October, including approximately $168.5 million from ESL. The hedge fund also participated in a $625 million rights offering that closed earlier this month.
Also in November, the company floated the possibility of a real estate investment trust to which Sears could sell 200 to 300 stores, or ultimately the majority of its properties. The company would receive a large infusion of cash from the hypothetical sale, then gradually pay it back in rent.
Shares of Sears edged 0.38% lower Friday to close at $36.31 a share. That's down over 40% from a year ago, though up over 50% from the company's 52-week low.
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Disclosure: The author has no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours.
The author wrote this article themselves, and it expresses their own opinions. The author is not receiving compensation for it (other than from Seeking Alpha). The author has no business relationship with any company whose stock is mentioned in this article.