Area Sears, K-Mart stores included in Chapter 11 closure plan

Facebook
Twitter
LinkedIn
Email
Print

MID-HUDSON – Two Sears
and one K-Mart store among the 142 slated to be closed by the end of the
year as part of the company’s Chapter 11 reorganization plans.

They have been targeted for being financial under-achievers.

The company has been facing financial challenges in recent years with
increased competition from other company stores and Internet sales.

Among the stores listed by Sears to close in the region are Sears brand
stores in Nanuet and Yonkers and a K-Mart store in Mahopac. All three
are slated to close on January 31, 2019.

According to the state labor department, the Mahopac store closing will
result in 42 layoffs. The Nanuet store closure will mean 88 layoffs and
the Yorktown Heights store closure will mean 55 layoffs.




Popular Stories