Transform Holdco LLC, the company that owns both Kmart and Sears, recently announced the closure of an additional 96 locations. A total of 182 Sears and Kmart stores will remain open after the closures.More news: Kentucky Gov. Matt Bevin demands recanvassing of ballots after results show loss
"We are disappointed that the owners of Sears have made the decision to leave our community, where they have had a loyal and supportive customer base", said Glenn Morris, president & CEO of the Chamber.
Transformco cited "a hard retail environment and other challenges" for the drastic move. The Waterford Kmart on Dixie highway and Lake Point Drive is now scheduled to close in February. Going out of business sales are expected to begin on December 2.More news: Fans are reportedly injured at the Travis Scott Astroworld Festival
Owner Transformco has secured $250 million in new capital as it battles to bring the veteran big-box chain and its sibling, Kmart, back from the brink. The company said it expects "to realize a significant return on our extensive portfolio of owned and leased real estate".
McHenry's Sears closed in 2012, although an appliance outlet still operates at 1750 N. Richmond Road.More news: Dan Aykroyd Confirms Bill Murray Is Returning For ‘Ghostbusters 2020’
The company encourages shoppers to use the store locator function on their websites to find the closest Sears or Kmart location.
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