Sears, K-Mart spares Louisiana in initial store closings
Louisiana locations of Sears and K-Mart survived the first round of store closings, according to a preliminary list of 79 planned closures the Illinois-based retailer announced Thursday.
Two locations of Sears operate in Baton Rouge, while Gonzales is home to a Sears appliance store and the only remaining K-Mart between Lafayette and New Orelans.
Also, Sears Holdings Corp. will not shutter the K-Mart on Airline at Cornerview, or the Sears store in East Bank Shopping Center in Gonzales.
The K-Mart store in Gonzales was the only location not to close in the Greater Baton Rouge area after the company filed for bankruptcy in 2002, prior to its merger with Sears three years later.
Plaquemine lost its Sears store in the 1990s when the retailer eliminated its catalog division.
The struggling retailer announced Tuesday it would close 120 stores over the next year as a plan to expand cash flow after sluggish sales this holiday season.
According to the release, Florida will feel the biggest brunt with 11 closures. Ohio, Michigan and Georgia will each lose six. Tennessee, North Carolina and Minnesota will each lose four.
Three Mississippi stores – in Columbus, Jackson and McComb – will also close, as well as three in Alabama – a Sears in Mobile, and K-Mart stores in Auburn and Gadsden.
The closings represent only 3 percent of Sears Holdings’ U.S. stores. The company owns 3,560 stores across the United States.