Kmart in Tucumcari considered unprofitable, set to close

Kmart in Tucumcari considered unprofitable, set to close

All 103 local Sears and Kmarts, including the Ocala and Bellview locations, will shutter by May.

The Midland location will close early this month.

Sears Holdings closed almost 400 Sears and Kmart locations in 2017, according to Business Insider.

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The department store operator, which has racked up 24 straight quarters of sales declines, said 64 Kmart stores and 39 Sears stores would be closed between early March and early April this year.

The new round of closures comes after Sears announced it would close 250 stores previous year, including the Malone location.

Eligible associates impacted by these store closures will receive severance and will have the opportunity to apply for open positions at area Kmart or Sears stores. Sears didn't say how many workers would lose their jobs.

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The closures are part of an effort to "right size" its footprint and the company's finances, according to a news release.

But with the rise of e-commerce, Sears and other traditional brick-and-mortar retailers have struggled to keep pace with digital darlings like Amazon.

That is in addition to the 63 stores that will close at the end of January.

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