Sears Closing Another 46 Stores (Including KMart), Stock Drops To $1.11

Sears Holdings announced the closing of another 46 Sears and KMart stores around the US, including the Sears closest to me (Fair Oaks Mall in Fairfax, VA).

Sears stock price is now down to $1.11. Sears WAS trading at $48 per share as late as November 2013.  It is almost as if Sears was a European bank!


By contrast, look at the rise of Amazon which is trading at $1,910,50 today and was trading at $375 per share in November 2013.

Sears shares have fallen more than 85 percent over the past 12 months, bringing the company’s market cap to $127.8 million, or less than Lampert is willing to pay for the Kenmore brand.

The Sears 8% corporate bond is now trading at $37.55 with a yield to worst of 107.2%.


Here are the 46 Sears and Kmart stores set to close in November:

Kmart 935 Sweetwater Road Spring Valley CA

Kmart 1075 Shaw Avenue Clovis CA

Kmart 3625 East 18th Street Antioch CA

Kmart 6310 W 3rd Street Los Angeles CA

Kmart 589 Bridgeport Avenue Milford CT

Kmart 301 College Square Newark DE

Kmart 3231 Chicago Road Steger IL

Kmart 11 South Kings HWY 61 Cape Girardeau MO

Kmart 2308 Highway 45 N Columbus MS

Kmart 605 Old Country Road Riverhead NY

Kmart 440 NW Burnside Road Gresham OR

Kmart 101 Great Teays Blvd Scott Depot WV

Kmart 2150 South Douglas HWY Gillette WY

Sears^ Flagstaff Mall, 4800 N US HWY 89 Flagstaff AZ

Sears Capitola Mall, 4015 Capitola Road Santa Cruz CA

Sears† 2424 Highway 6 And 50 Grand Junction CO

Sears 2266 University Square Mall Tampa – University FL

Sears† 1625 NW 107th Avenue Doral / Miami FL

Sears^ Coastland Ctr, 2000 9th Street N Naples FL

Sears^ Oglethorpe Mall, 7810 Abercorn St Savannah GA

Sears† 2860 Cumberland Mall Atlanta GA

Sears† 100 Mall Blvd Ste 300 Brunswick GA

Sears^ 1631 E Empire Street Bloomington IL

Sears* 4201 Coldwater Road Fort Wayne IN

Sears 3000 Mall Road Florence KY

Sears† 1914 Hammond Square Drive Hammond LA

Sears* 50 Holyoke Street Holyoke MA

Sears^ Silver City Galleria Taunton MA

Sears† 1250 Jackson Xing I-94 Jackson MI

Sears* 4601 Glenwood Avenue Raleigh – Crabtree NC

Sears* 77 Rockingham Park Boulevard Salem NH

Sears* 1500 South Willow Street Manchester NH

Sears† 4409 Black Horse Pike Mays Landing NJ

Sears* 200 Eastview Mall Victor NY

Sears* 578 Aviation Road Queensbury / Glen Falls NY

Sears 1400 Union Turnpike New Hyde Park NY

Sears 2700 Miamisburg Centerville Road Dayton OH

Sears* 9505 Colerain Avenue Cincinnati – Northgate OH

Sears† 11800 SE 82nd Avenue Happy Valley / Portland OR

Sears† 400 Memorial City Way Houston – Memorial TX

Sears* Post Oak Mall College Station – Bryan TX

Sears 7453 S Plaza Center Drive West Jordan UT

Sears 12000 Fair Oaks Mall Fairfax VA 

Sears† 8800 NE Vancouver Mall Drive Vancouver WA

Sears† 4720 Golf Road Eau Claire WI

Sears Valley View Mall, 4200 US HWY 16 La Crosse WI

The closure of Sears and KMart reminds me of the closing credits from the 1950s western TV show “Tales of Texas Rangers.”


Sears got Bezos’d!


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