Friday, November 8, 2019

[UPDATE] Sears Announced 96 More Store Closures, One in Metro Atlanta

Transform Holdco, the company formed in January to buy the remaining assets of bankrupt retailer Sears Holdings Corp., disclosed late Thursday that is plans to close an additional 96 stores by early 2020.  The closures - 51 Sears and 45 Kmart stores - will take place by late February with going-out-of-business sales at the affected stores expected to begin shortly after Black Friday, on December 2.  
In metro Atlanta, where in recent years Sears has shuttered stores at Cumberland Mall, North Point Mall, Northlake Mall and Gwinnett Place Mall, among others, the retailer will now close at Arbor Place Mall in Douglasville.  Sears,  one of five anchors at the mall, opened with the mall in 1999.  The closure of the Sears will leave Arbor Place with four anchors: JCPenney, Macy's, Dillard's and Belk (in former Parisian).  

Recent closures have left Georgia with zero operating Kmart stores and soon, just two operating full line Sears stores: Town Center at Cobb in Kennesaw and Augusta Mall in Augusta.  

Several former Atlanta area Sears stores have been reborn into popular attractions.  A former Buckhead area Sears is today home to the St. Regis Atlanta while a former Sears store and warehouse along Ponce de Leon Avenue in Old Fourth Ward was reborn into Ponce City Market.

Former Sears stores at Northlake Mall in Tucker, Cumberland Mall in Smyrna and North Point Mall in Alpharetta are all slated for re-purposing.  

ToNeTo Atlanta announced October 24 that Emory Healthcare will open a new campus in the former Sears store in Northlake as well as a portion of the mall itself.  

Earlier this summer we exclusively reported that Round1 and Dick's Sporting Goods will headline the replacements planned for the Sears at Cumberland Mall.  

The Sears property at North Point Mall is slated to be demolished and rebuilt as "The Point," a mixed-use project with multifamily, retail, restaurant, and small parks and trails.  

Are you sad to see so many Sears stores close?  What is your favorite department store?  What would you like to see open in place of the Sears at Arbor Place Mall?

Please share your thoughts below  

1 comment:

Anonymous said...

I wonder how much Eddie is making off of the shit down of Sears/KMart.

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