Riverside County Sears Locations Closing as Chain Continues to Scale Back

Daniel Fowler
November 10, 2019

The stores are expected to close by February 2020.

Fifty-one Sears stores and another 45 Kmart locations will soon be closing across the country, according to Transformco, the company that acquired the beleaguered retailers out of bankruptcy.

"We have made the hard but necessary decision to streamline our operations and close 96 Sears and Kmart stores", said Transformco in a news release.

Going out of business sales at the closing stores is expected to begin December 2, according to officials.

It was just announced the Kmart in Waterford will be closing its doors.

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Owners and third-party investor recently infused the company with $250 million, but the company statement did not expand on plans for the new capital.

If nothing else, Transformco said in its Thursday statement it expects to "realize a significant return on our extensive portfolio of owned and leased real estate".

But the new store closures and the need for more financing make evident Sears' continued struggles to draw shoppers and compete with steep competition from rivals, including Target and Walmart.

These assets include logistics solutions firm Innovel, Sears Home Services, the Shop Your Way membership program, and its Kenmore and DieHard brands.

McHenry's Sears closed in 2012, although an appliance outlet still operates at 1750 N. Richmond Road.

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