Kmart Closures: These Calif. Locations To Be Closed

Twenty-eight more Sears-owned Kmart stores, including four in California, will soon close in addition to the 180 company stores already announced this year. The closings were announced by Sears Holding Corp., which owns the stores and reported another quarterly operating loss.

Thanks in part to shoppers migrating to the web from the malls, Sears sales at stores open for at least a year fell 11.5 percent in the second quarter ended July 29, the company announced.

Total revenue fell 22 percent to $4.37 billion, mainly due to store closures, which shaved off $770 million of revenue, the company said.

The following California locations will be closed:

• 23222 W Valencia Blvd. in Valencia
• 10500 Wichlow Way in Jackson / Martell
• 10400 Rosecrans in Bellflower
• 16968 Main Street in Hesperia

Dozens of Sears and Kmart stores have already closed this year as the company tries to overcome steep losses in sales and huge operating costs.

See Also:

• Gymboree Closings: 24 California Stores On The List
• These Calif. Retailers On Verge Of Bankruptcy, New Moody's Report Says

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