Sears lists the stores it will close

Here are the 79 locations the company plans to shutter, with more likely to be announced.

By Kim Peterson Dec 30, 2011 12:23AM
Sears Holdings (SHLD) has released a list of 79 Sears and Kmart stores it plans to close, and it looks like both chains will be hit hard.

This is only a partial list. The company said it will shutter as many as 120 stores, and it presumably will announce more locations in the next year.

Post continues below.
The list comes as credit ratings agencies turn their spotlights on Sears and its dismal financial conditions. Fitch downgraded Sears to "CCC" from "B," and said the company's liquidity will likely be "inadequate" next year, with a heightened risk of restructuring. Standard & Poor's is reviewing Sears for a possible downgrade.

Will the store closures be enough to help Sears avoid downgrade?

Here's the list of the closures announced so far, grouped by state. The company did not say when the stores would close or how many employees will lose their jobs.

Alabama
Three stores to close: Sears in Mobile; Kmarts in Auburn and Gadsden.

California
Three stores to close: Sears in El Monte and two in San Diego.

Colorado
Three stores to close: Sears in Longmont; Kmart in Broomfield and Glenwood Springs.

Florida
11 stores to close: Sears in Crystal River, Deland, Port St. Lucie, Stuart, West Palm Beach; Kmart in Callaway, Fernandina Beach, New Smyrna Beach, Orange City, Pompano Beach and St. Augustine.

Georgia
Six stores to close: Sears in Macon; Kmart in Atlanta, Buford, Columbus, Douglasville and Jonesboro.

Idaho
One store to close: Sears in Lewiston.

Indiana
Three stores to close: Sears in Anderson; Kmart in Indianapolis and St. John.

Iowa
Two stores to close: Kmart in Cedar Rapids and Davenport.

Kansas
One store to close: Sears in Lawrence.

Kentucky
Three stores to close: Sears in Middleboro; Kmart in Hazard and Winchester.

Maryland
One store to close: Sears in Ellicott City.

Michigan
Six stores to close: Sears in Adrian, Brighton, Chesterfield Township, Harper Woods, Monroe and Washington Township.

Minnesota
Four stores to close: Kmart in Duluth, New Hope, White Bear Lake and Willmar.

Mississippi
Three stores to close: Sears in Columbus, Jackson and McComb.

Missouri
Two stores to close: Sears in Lee’s Summit and St. Louis.

New Hampshire
Two stores to close: Sears in Keene and Nashua.

North Carolina
Four stores to close: Sears in High Point, Morehead City, Rocky Mount and Statesville.

Ohio
Six stores to close: Kmart in Chagrin Falls, Columbus, Medina, Springfield and two in Toledo.

Oregon
One store to close: Sears in Roseburg.

Pennsylvania
Two stores to close: Sears in Pottstown and Upper Darby.

South Carolina
One store to close: Sears in Sumter.

Tennessee
Four stores to close: Sears in Antioch, Cleveland, Oak Ridge; Kmart in Hendersonville.

Virginia
Three stores to close: Sears in Norfolk; Kmart in Midlothian and Richmond.

Washington
Two stores to close: Sears in Walla Walla; Kmart in Lacey.

Wisconsin
Two stores to close: Sears in West Baraboo; Kmart in Rice Lake.

Tags: SHLD
430Comments
Dec 30, 2011 11:29AM
avatar
They ought to start selling guns and meaningful outdoor recreation stuff again like they used to.. They're totally missing alot  of markets like these. And you can't beat their tools and warranty on them. What sucks is that one of the stores they're closing is my local store. Now I'll have an hour round trip to get that one tool I need for a repair job...Damn!
Dec 30, 2011 11:29AM
avatar
A company needs to be a compelling place to work, shop and invest. Sears/K-mart is no longer any of those. They sacrificed the service and employee relations to add shareholder value. Now that has backfired and the shareholders are suffering as well. When all you have is your brands to drive customers to the stores and you allow your competitors to carry your brand, the writing is on the wall...
Dec 30, 2011 11:29AM
avatar
Sears never spent a dime advertising Sears Grand, no one ever heard of it and so went the Ellicott City, Maryland store, all new with no support!  Nice going Sears.
Dec 30, 2011 11:28AM
avatar
jdmeck... how has Kmart become the welfare store? their prices are higher than both Target and Walmart and they only offer to take EBT on certain food items!!! Both Target and Walmart accept EBT (cash and food stamps)... Just curious where u get your information from.. As for sears they have always been a good store for tools and automotive but everything else is way to high priced for the quality.. Dont get me wrong it is sad to see any store close because of the job loss of the employees..
Dec 30, 2011 11:27AM
avatar
K-Mart closures are yet another notch on the belt of Wal-Mart. Pretty sad..... :o(
Dec 30, 2011 11:25AM
avatar
I wonder how you raise cash by closing store. Sell the stores and property?
Dec 30, 2011 11:24AM
avatar
Just another outlet for Chinese junk.  If we closed them all China would collapse.
Dec 30, 2011 11:23AM
avatar
I think Sears should try to lower it's prices a little more.
Dec 30, 2011 10:10AM
avatar
I ordered most of my Christmas gifts online through K-Mart.  They arrived quickly and I got just what I ordered.  I was really happy with the service and the results.  Sad to hear they're having trouble.
Dec 30, 2011 9:54AM
avatar
If you have ever ordered anything online or thru the catalog in the past 40 years you can see why they are doing so bad . Never the correct order or the rite merchandise. I can not see why nothing was ever done in the warehouse to take care of this problem. K-Mart on the other hand is worst than sears. Try to find a kid working there that can talk with a complete sentence. If you locate one.  Sad but you get what you hire. Solid as Sears, you tell me. 
Report
Please help us to maintain a healthy and vibrant community by reporting any illegal or inappropriate behavior. If you believe a message violates theCode of Conductplease use this form to notify the moderators. They will investigate your report and take appropriate action. If necessary, they report all illegal activity to the proper authorities.
Categories
100 character limit
Are you sure you want to delete this comment?

DATA PROVIDERS

Copyright © 2014 Microsoft. All rights reserved.

Fundamental company data and historical chart data provided by Morningstar Inc. Real-time index quotes and delayed quotes supplied by Morningstar Inc. Quotes delayed by up to 15 minutes, except where indicated otherwise. Fund summary, fund performance and dividend data provided by Morningstar Inc. Analyst recommendations provided by Zacks Investment Research. StockScouter data provided by Verus Analytics. IPO data provided by Hoover's Inc. Index membership data provided by Morningstar Inc.

STOCK SCOUTER

StockScouter rates stocks from 1 to 10, with 10 being the best, using a system of advanced mathematics to determine a stock's expected risk and return. Ratings are displayed on a bell curve, meaning there will be fewer ratings of 1 and 10 and far more of 4 through 7.

116
116 rated 1
275
275 rated 2
482
482 rated 3
656
656 rated 4
643
643 rated 5
650
650 rated 6
638
638 rated 7
485
485 rated 8
281
281 rated 9
127
127 rated 10
12345678910

Top Picks

SYMBOLNAMERATING
AAPLAPPLE Inc10
ATVIACTIVISION BLIZZARD Inc10
CTSHCOGNIZANT TECHNOLOGY SOLUTIONS10
FOXATWENTY-FIRST CENTURY FOX Inc CLASS A10
HPQHEWLETT PACKARD CO10
More

VIDEO ON MSN MONEY

ABOUT

Top Stocks provides analysis about the most noteworthy stocks in the market each day, combining some of the best content from around the MSN Money site and the rest of the Web.

Contributors include professional investors and journalists affiliated with MSN Money.

Follow us on Twitter @topstocksmsn.