The Sears location at the Galleria Mall in Centerville will be closing this spring.
A release from Sears Holdings on Thursday lists the closures of 64 Kmarts and 39 Sears stores due to their unprofitability – and one of those is the Sears location at 2930 Watson Blvd.
Kate Hogan, Centerville's economic development director, says losing the store isn’t necessarily a bad thing.
“This closing opens up the door for some redevelopment so we have the opportunity to reinvent this anchor store, and help reinvigorate the Houston Galleria,” Hogan said.
She says they've been preparing for the closure for more than a year.
Once Sears closes, they plan to divide up the store's space
“There are other stores that aren’t located in our market like DSW, Marshalls, and Five Below, all those stores that bring a more boutique style shopping instead of this big box retailer,” Hogan said. “We are really adequately prepared for this closure.”
She says those new stores could open as quickly as this fall.
“There is an opportunity for us to use the existing retail and have this open space because it doesn’t get any better that existing Watson frontage opening up for 3 or 4 stores,” Hogan said.
The list of unprofitable stores is comprised of 39 Sears locations in Alaska, California, Delaware, Florida, Georgia, Idaho, Illinois, Indiana, Iowa, Maine, Massachusetts, New Jersey, New York, North Dakota, Ohio, Oregon, Pennsylvania, South Dakota, Texas, Utah, Washington and Wisconsin and 64 Kmart sites in Arkansas, Arizona, California, Colorado, Florida, Georgia, Illinois, Indiana, Iowa, Kansas, Kentucky, Louisiana, Maryland, Michigan, Montana, Nevada, New Hampshire, New Mexico, New York, North Carolina, North Dakota, Ohio, Oklahoma, Pennsylvania, Tennessee, Texas, Vermont, Washington and West Virginia.
Liquidation sales at the stores will begin as soon as Jan. 12, according to Hoffman Estates, Ill.-based Sears Holdings.
Store employees will receive severance pay and may apply for jobs at other Kmart and Sears stores.
Sears closed in Macon Mall in 2011.
Sears holding announced in November that it was closing 45 Kmarts including the one in Macon on Tom Hill Sr.Boulevard. That store is supposed to close this month.
Though U.S. retail holiday sales were better than they've been in years -- up 4.9%, the largest increase since 2011, according to Mastercard SpendingPulse -- the industry continues to suffer.
The Sears and Kmart news came the same day Macy's announced that it was cutting 5,000 jobs and shuttering an additional seven stores in six states.
Sears stock closed at $3.58, down 18 cents or 4.79%, on Thursday.
13WMAZ and USA Today