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The death of big box stores could lead to a new kind of homeless housing. Here’s what that might look like
As big box stores like Kmart and JCPenney continue to shutter their doors, they have given made way for new developments, including housing facilities for homeless residents.
Sears started closing sales at 46 Sears and Kmart stores on Thursday. The closing stores span 28 states including California, Connecticut, Illinois, Missouri, New York, Ohio, Florida, Georgia, and Texas. The stores will permanently close in November.
Sears is closing 46 more stores, including 13 Kmart stores and 33 Sears stores. The new list brings Sears' total store closures this year to nearly 300. Here are all of the stores that will be closed by November.
Sears laid off 200 corporate employees in June, the company told Business Insider on Wednesday. In a memo to employees dated June 26, Sears CEO Eddie Lampert said the cuts were part of an effort to streamline operations and return the company to profitability.
A retail apocalypse is ripping through America, leaving clearance sales and empty malls in its wake. More than 3,8000 stores are set to close across the US in 2018, leaving malls emptier than they have been since 2012.
Sears stores have introduced handwritten pricing signs. At a Sears location in Virginia, the signs are giving customers the impression that the store is closing and holding a liquidation sale, even though the store has no plans to close, an employee told Business Insider.
Sears said Friday it would close another 10 stores, after announcing in the last month that it would close 68 stores by September. The company said that closing sales would begin by in July and that the stores would close permanently in September.
A Kmart store just opened inside a Sears in Brooklyn, but there’s a major downside to shopping there
Sears is testing out new initiatives to turn its business around. Last weekend, a Kmart opened inside of a Sears store in Brooklyn, New York, in an effort to become more of a one-stop shop.
Sears’ prices are going up during a liquidation sale — and it’s a common practice at closing stores across the US
Sears' prices increased — in one case by as much as nearly $400 — during a liquidation sale for one its closing stores. "Pricing is determined by the liquidator of the store, which is true for any retailer closing a store," a Sears spokesman told Business Insider.
In the Chicago suburb of Waukegan, Illinois, the design firm JGMA converted an old Kmart into a bright blue-and-green high school. Before the transformation, the big-box store laid abandoned.