default avatar
Welcome to the site! Login or Signup below.
|
||
Logout|My Dashboard

Fairbanks Sears not on latest list of closures

Print
Font Size:
Default font size
Larger font size

Posted: Friday, June 29, 2012 11:00 pm | Updated: 10:35 am, Mon Jan 21, 2013.

FAIRBANKS — Sears stores in Fairbanks and elsewhere in Alaska have survived yet another round of store closings by the struggling retailer, which is in the process of shutting down more than 100 poorly performing locations.

Sears Holdings Company released its third list of store closures in the last six months earlier this week.

The latest round of closures actually spared Sears entirely — the latest cuts announced included eight Kmart stores, all located in the South and Midwest. Sears Holdings, which oversees both Sears and Kmart properties, announced plans last December to shut 100 to 120 stores as part of a company-wide restructuring process

Including the most recent announcement, the total number of closures is now at 103 Sears and Kmart stores. Sears Holdings spokeswoman Kim Freely said she didn’t know whether additional rounds of closure announcements are ahead.

Freely said, however, that the company is always monitoring store performance, even when a restructuring plan isn’t in progress.

“We always evaluate our portfolio, and I think we’re always going to open and close stores,” she said.

The decision to shutter poorly performing Sears and Kmart stores came following a disappointing holiday season, when overall sales slipped by 5.2 percent.

Contact staff writer Jeff Richardson at 459-7518.

More about

More about

More about

Advertisement

Madden Real Estate

http://www.fairbanksakhomesearch.com/?utm_source=NEWSPAPER&utm_campaig...

Wes Madden 2014 Ad #2 Fairbanks

Description

Find Yourself

You're ready for something new. New challenges, new places, new adventures. E...

www.walkerforalaska.com

Bill Walker, candidate for governor, was born in Fairbanks before statehood. ...

www.walkerforalaska.com

Fairbanks born candidate for governor, Bill Walker asks, "Is Fairbanks better...