Sears in Saratoga Springs set to close in February

Sears in Saratoga Springs set to close in February

November 9, 2018 0 By admin

  • The Sears department store at Wilton Mall in Saratoga Springs is part of another wave of closures announced by Sears Holdings, the bankrupt parent company of Sears and Kmart retailers.

    The Sears department store at Wilton Mall in Saratoga Springs is part of another wave of closures announced by Sears Holdings, the bankrupt parent company of Sears and Kmart retailers.

    The Sears department store at Wilton Mall in Saratoga Springs is part of another wave of closures announced by Sears Holdings, the bankrupt parent company of Sears and Kmart retailers.

  • The Sears department store at Wilton Mall in Saratoga Springs is part of another wave of closures announced by Sears Holdings, the bankrupt parent company of Sears and Kmart retailers. Photo: Jeff Chiu / Copyright 2018 The Associated Press. All rights reserved.

    The Sears department store at Wilton Mall in Saratoga Springs is part of another wave of closures announced by Sears Holdings, the bankrupt parent company of Sears and Kmart retailers.

    The Sears department store at Wilton Mall in Saratoga Springs is part of another wave of closures announced by Sears Holdings, the bankrupt parent company of Sears and Kmart retailers.


    Photo: Jeff Chiu

  • Companies and brands expected to die in 2018. Photo: Melissa Phillip, Staff

    Companies and brands expected to die in 2018.

    Companies and brands expected to die in 2018.


    Photo: Melissa Phillip, Staff

  • Analysts love to pick on Sears, but the flailing department chain hangs on year after year. It seems the only solution the company has to surviving is through selling its assets and borrowing money, but there will come a time when it will be unable to do either.Read more: The Motley Fool Photo: Melissa Phillip, Staff / Houston Chronicle 2017

    Analysts love to pick on Sears, but the flailing department chain hangs on year after year. It seems the only solution the company has to surviving is through selling its assets and borrowing money, but there will come a time when it will be unable to do either.

    Read more: The Motley Fool less

    Analysts love to pick on Sears, but the flailing department chain hangs on year after year. It seems the only solution the company has to surviving is through selling its assets and borrowing money, but there … more


    Photo: Melissa Phillip, Staff

  • Like its parent, Sears Holdings, Kmart's prospects have not fared to well either. In the past quarter, the department chain's same-store sales fell 13 percent, according to 24/7 Wall Street. At the start of 2018, Sears Holdings shuttered 64 "unprofitable" Kmart stores nationwide. Photo: Scott Olson/Getty Images

    Like its parent, Sears Holdings, Kmart’s prospects have not fared to well either. In the past quarter, the department chain’s same-store sales fell 13 percent, according to 24/7 Wall Street. At the start of 2018, Sears Holdings shuttered 64 “unprofitable” Kmart stores nationwide. less
    Like its parent, Sears Holdings, Kmart’s prospects have not fared to well either. In the past quarter, the department chain’s same-store sales fell 13 percent, according to 24/7 Wall Street. At the start of … more


    Photo: Scott Olson/Getty Images

  • The writing was on the wall for Toys R Us when it filed for bankruptcy protection in 2017 and closed in 2018. Photo: Alan Diaz, STF / Copyright 2017 The Associated Press. All rights reserved.

    The writing was on the wall for Toys R Us when it filed for bankruptcy protection in 2017 and closed in 2018.

    The writing was on the wall for Toys R Us when it filed for bankruptcy protection in 2017 and closed in 2018.


    Photo: Alan Diaz, STF

  • JC Penney is a familiar punching bag for financial pessimists, bit it keeps on trucking. The chain's losses grew to $128 million from the third quarter of 2016. At least its sales have increased.Read more: Seeking Alpha Photo: Alan Diaz, STF / Copyright 2017 The Associated Press. All rights reserved.

    JC Penney is a familiar punching bag for financial pessimists, bit it keeps on trucking. The chain’s losses grew to $128 million from the third quarter of 2016. At least its sales have increased.

    Read more: Seeking Alpha less

    JC Penney is a familiar punching bag for financial pessimists, bit it keeps on trucking. The chain’s losses grew to $128 million from the third quarter of 2016. At least its sales have increased.

    Read more: … more


    Photo: Alan Diaz, STF

  • Claire's may have posted growth in overall sales last year, the company's cash has shrunk dramatically to $25.8 million. The company should be alright, barring any sudden downturns in sales.

Read more: The Motley Fool
 Photo: Mel Nudelman / NYSE

    Claire’s may have posted growth in overall sales last year, the company’s cash has shrunk dramatically to $25.8 million. The company should be alright, barring any sudden downturns in sales.

    less

    Claire’s may have posted growth in overall sales last year, the company’s cash has shrunk dramatically to $25.8 million. The company should be alright, barring any sudden downturns in sales.

    … more


    Photo: Mel Nudelman

  • The "retailpocalypse" of 2017 left a bad taste in many a retailer's mouth. Michael Drexler knew that more than most when he stepped down as CEO of the fashion retailer back in June. Things are probably going to get a lot worse in 2018, but some think the company can turn things around.

Read more: Bloomberg Gadfly
 Photo: Spencer Platt, Getty Images

    The “retailpocalypse” of 2017 left a bad taste in many a retailer’s mouth. Michael Drexler knew that more than most when he stepped down as CEO of the fashion retailer back in June. Things are probably going to get a lot worse in 2018, but some think the company can turn things around.

    less

    The “retailpocalypse” of 2017 left a bad taste in many a retailer’s mouth. Michael Drexler knew that more than most when he stepped down as CEO of the fashion retailer back in June. Things are probably going to … more


    Photo: Spencer Platt, Getty Images

  • It's a bold move for a fashion retailer to cater to a younger clientele who have already migrated to e-commerce solutions. Is bold the right word? Credit rating agency Moody's has the company on its "risky" list.

Read more: CNBC
 Photo: Spencer Platt, Getty Images

    It’s a bold move for a fashion retailer to cater to a younger clientele who have already migrated to e-commerce solutions. Is bold the right word? Credit rating agency Moody’s has the company on its “risky” list.

    less

    It’s a bold move for a fashion retailer to cater to a younger clientele who have already migrated to e-commerce solutions. Is bold the right word? Credit rating agency Moody’s has the company on its “risky” … more


    Photo: Spencer Platt, Getty Images

  • At the start of January, the department store's CFO jumped ship to Pier 1 Imports. The Milwaukee Sentinel Journal reports Bon-Ton hasn't been profitable the past six years, and things don't look rosy for 2018 either. Bon-Ton is already projected to close around 40 stores this year. Photo: Portland Press Herald/Getty Images

    At the start of January, the department store’s CFO jumped ship to Pier 1 Imports. The Milwaukee Sentinel Journal reports Bon-Ton hasn’t been profitable the past six years, and things don’t look rosy for 2018 either. Bon-Ton is already projected to close around 40 stores this year. less
    At the start of January, the department store’s CFO jumped ship to Pier 1 Imports. The Milwaukee Sentinel Journal reports Bon-Ton hasn’t been profitable the past six years, and things don’t look rosy for 2018 … more


    Photo: Portland Press Herald/Getty Images

  • The supermarket chain resides along the East Coast and also on the edge of financial ruin. The grocer filed for bankruptcy in 2009, and it looks poised to do the same in 2018 with $1 billion in debt.Read more: National Law Review Photo: Stephen B. Morton, AP / FR56856 AP

    The supermarket chain resides along the East Coast and also on the edge of financial ruin. The grocer filed for bankruptcy in 2009, and it looks poised to do the same in 2018 with $1 billion in debt.

    Read more:
    National Law Review less
    The supermarket chain resides along the East Coast and also on the edge of financial ruin. The grocer filed for bankruptcy in 2009, and it looks poised to do the same in 2018 with $1 billion in debt.

    Read more:
    … more


    Photo: Stephen B. Morton, AP

  • Houston-based Charming Charlie filed for bankruptcy protection in 2017 amid inventory problems and declining sales. The company is expected to close around 100 stores this year as it tries to shift its strategy.

Read more: Houston Chronicle
 Photo: Michael Paulsen, Staff / © 2011 Houston Chronicle

    Houston-based Charming Charlie filed for bankruptcy protection in 2017 amid inventory problems and declining sales. The company is expected to close around 100 stores this year as it tries to shift its strategy.

    less

    Houston-based Charming Charlie filed for bankruptcy protection in 2017 amid inventory problems and declining sales. The company is expected to close around 100 stores this year as it tries to shift its … more


    Photo: Michael Paulsen, Staff

  • Nine West didn't probably didn't win too many fans when it declared bankruptcy in 2017. It now only operates a handful of stores in the U.S., and it may shrink further if its owners choose to liquidate its assets.

Read more: New York Post
 Photo: File, San Francisco Chronicle / The Chronicle

    Nine West didn’t probably didn’t win too many fans when it declared bankruptcy in 2017. It now only operates a handful of stores in the U.S., and it may shrink further if its owners choose to liquidate its assets.

    less

    Nine West didn’t probably didn’t win too many fans when it declared bankruptcy in 2017. It now only operates a handful of stores in the U.S., and it may shrink further if its owners choose to liquidate its … more


    Photo: File, San Francisco Chronicle

  • They weren't in the red, but Payless opted for bankuptcy protection in 2017 because it knew its fortunes just weren't there. The shoe retailer is expecting to close around 408 stores this year as it embraces a new strategy for survival (and hopefully success). Photo: Scott Eells, Bloomberg / © 2012 Bloomberg Finance LP

    They weren’t in the red, but Payless opted for bankuptcy protection in 2017 because it knew its fortunes just weren’t there. The shoe retailer is expecting to close around 408 stores this year as it embraces a new strategy for survival (and hopefully success). less
    They weren’t in the red, but Payless opted for bankuptcy protection in 2017 because it knew its fortunes just weren’t there. The shoe retailer is expecting to close around 408 stores this year as it embraces a … more


    Photo: Scott Eells, Bloomberg

  • The "retailpocalypse" also had a negative impact on nutritional supplements. GNC took a nasty hit in 2017, losing 70 percent of its stock value. Analysts are already predicting the company is a ticking time bomb.

Read more: Investor Place
 Photo: John Lamparski, WireImage

    The “retailpocalypse” also had a negative impact on nutritional supplements. GNC took a nasty hit in 2017, losing 70 percent of its stock value. Analysts are already predicting the company is a ticking time bomb.

    less

    The “retailpocalypse” also had a negative impact on nutritional supplements. GNC took a nasty hit in 2017, losing 70 percent of its stock value. Analysts are already predicting the company is a ticking time … more


    Photo: John Lamparski, WireImage

  • Vitamin World filed for Chapter 11 bankruptcy in September 2017 and in December, it attracted the attention of Chinese dairy products maker Feihe International, Inc. It's not immediately clear if Feihe will re-brand the 156 stores they just bought.

Read more: Reuters
 Photo: Chris Bosak, Hearst Connecticut Media / The News-Times

    Vitamin World filed for Chapter 11 bankruptcy in September 2017 and in December, it attracted the attention of Chinese dairy products maker Feihe International, Inc. It’s not immediately clear if Feihe will re-brand the 156 stores they just bought.

    less

    Vitamin World filed for Chapter 11 bankruptcy in September 2017 and in December, it attracted the attention of Chinese dairy products maker Feihe International, Inc. It’s not immediately clear if Feihe will … more


    Photo: Chris Bosak, Hearst Connecticut Media

  • The fashion retailer posted some optimistic news about growing holiday sales at the start of the year, but investors are still sour about its performance in 2017.

Read more: Week Herald
 Photo: File, Destination XL

    The fashion retailer posted some optimistic news about growing holiday sales at the start of the year, but investors are still sour about its performance in 2017.

    The fashion retailer posted some optimistic news about growing holiday sales at the start of the year, but investors are still sour about its performance in 2017.


    Photo: File, Destination XL

  • As workplace outfits become more relaxed, men's clothier Men's Warehouse and its parent, Tailored Brands, finds itself rather outdated. It's stock has already fallen by half of its value.

Read more: 24/7 Wall Street
 Photo: Andrew Burton/Getty Images

    As workplace outfits become more relaxed, men’s clothier Men’s Warehouse and its parent, Tailored Brands, finds itself rather outdated. It’s stock has already fallen by half of its value.

    less

    As workplace outfits become more relaxed, men’s clothier Men’s Warehouse and its parent, Tailored Brands, finds itself rather outdated. It’s stock has already fallen by half of its value.

    … more


    Photo: Andrew Burton/Getty Images

  • It's unlikely Diet Pepsi will see another year thanks to falling sales, the growing stigma of aspertame, and mindful consumers watching their soda intake. Expect a re-brand in 2018 with new ingredients.

Read more: BuzzFeed
 Photo: Paul Sakuma, STF / AP

    It’s unlikely Diet Pepsi will see another year thanks to falling sales, the growing stigma of aspertame, and mindful consumers watching their soda intake. Expect a re-brand in 2018 with new ingredients.

    less

    It’s unlikely Diet Pepsi will see another year thanks to falling sales, the growing stigma of aspertame, and mindful consumers watching their soda intake. Expect a re-brand in 2018 with new ingredients.

    Read

    … more


    Photo: Paul Sakuma, STF

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The Sears department store at Wilton Mall in Saratoga Springs is part of another wave of closures announced by Sears Holdings, the bankrupt parent company of Sears and Kmart retailers.

The Sears department store at Wilton Mall in Saratoga Springs is part of another wave of closures announced by Sears Holdings, the bankrupt parent company of Sears and Kmart retailers.


Sears in Saratoga Springs set to close in February

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Another day, another retail closure.

The Sears department store at Wilton Mall in Saratoga Springs is part of another wave of closures announced by Sears Holdings, the bankrupt parent company of Sears and Kmart retailers.


The company announced Thursday that 29 Sears locations and 11 Kmart stores around the country would be closing their doors in February 2019.

A Kmart in Huntington and a Sears in Watertown were the other New York locations expected to close.

It was previously announced that the Sears at Aviation Mall in Queensbury was also expected to close sometime this fall.

Liquidation sales at the 40 Kmart and Sears locations “are expected to begin late next week,” the company said.

Sears Holdings operated about 1,000 stores as recently as February but has been shuttering underperforming stores. When the company filed for bankruptcy last month, it said it only had about 400 stores that could turn a profit. Now, it’s in the process of shedding more dead weight.


In its bankruptcy filing, Sears named 142 of its worst-performing stores that would shut down in the coming months. That was in addition to 46 stories already pegged for closure.

The company will have fewer than 500 Sears and Kmart stores left open after the additional closures.

Here’s the list of the 40 stores Sears announced Thursday would close:

Alaska

Sears: Airport Way, Fairbanks


Arizona

Sears: 4604 E. Cactus Road, Phoenix

California

Kmart: 26471 Ynez Road, Temecula

Sears: La Cumbre Plz, Santa Barbara

Connecticut

Sears: 470 Lewis Ave, Meriden

Florida

Sears: 801 N. Congress Ave, Boynton Beach

Sears: 3342 N.W. Federal Highway (U.S. 1), Jensen Beach

Illinois

Kmart: 3443 W. Addison, Chicago

Kmart: 3250 Clear Lake Road, Springfield

Idaho

Sears: 2300 E. 17Th St, Idaho Falls

Indiana

Sears: Marquette Mall, Michigan City

Maine

Kmart: 18 Elm Plaza, Waterville

Maryland

Sears: 7103 Democracy Blvd., Bethesda

Michigan

Sears: 5575 B Drive N, Battle Creek

Mississippi

Sears: 1740 Bonita Lakes Circle, Meridian

Sears: 1001 Barnes Crossing Road, Tupelo

Nebraska

Sears: 3404 W. 13th St, Grand Island

New York

Kmart: 805 New York Ave., Huntington

Sears: 3065 Route 50, Saratoga Springs

Sears: 21182 Salmon Run Mall, Watertown

Nevada

Sears: 4355 Grand Canyon Dr., Las Vegas

North Carolina

Sears: 3320 Silas Creek Pky., Winston-Salem


Ohio

Sears: 987 E. Ash St, Piqua

Pennsylvania

Kmart: 7101 Roosevelt Blvd., Philadelphia

Kmart: 1901 Lincoln Highwy, North Versailles

Sears: 1665 State Hill Road, Reading/Wyomissing

Sears: 344 Stroud Mall, Stroudsburg


Puerto Rico

Kmart: Castro Perez Ave (PR 122), San German

Kmart: 100 Ave. San, Patricio Guaynabo / San Juan

Kmart: Betamces 400, Las Catalinas Mall, Caguas

South Carolina

Sears: 2197 Dave Lyle Blvd, Rock Hill

Tennessee

Sears: Southland Mall, Memphis

Sears: 401 Northgate Mall, Chattanooga

Sears: 198 Foothills Mall, Maryville

Sears: 1720 Old Fort Pky., Murfreesboro

Texas

Sears: 750 Sunland Park Dr, El Paso

Sears: Longview Texas Mall, Longview

Virginia

Sears: 10101 Brook Road, Glen Allen / Richmond

Wisconsin

Sears: 2500 Milton Ave, Janesville

Kmart: 6077 S Packard Avenue, Cudahy

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