Sears to Close An Additional 100+ Stores

Sears to Close An Additional 100+ Stores

Among the locations set to go out of business is the Sears on Hooper Avenue in Toms River. Those two locations were operated under the Sears brand but were not owned by Sears Holdings. According to a press release, "eligible associates impacted by these store closures will receive severance and will have the opportunity to apply for open positions at area Kmart or Sears stores". That store will close in early April.

More than 100 Sears and Kmart stores will be closing come April and July. The affected locations plan to begin clearance sales as early as January 12.

The company said the closures are part of an ongoing effort to "right size" its store footprint.

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In 2006 the company operated more than 3,000 stores in the USA and a few hundred in Canada.

Sears, once one of the country's most successful retailers, has struggled with the rise of e-commerce and some management missteps. Company officials say liquidation sales could start as early as late next week.

No Missouri stores are included on the list.

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