Sears, Kmart: Possible Bad News For Retailers In Anne Arundel

ANNE ARUNDEL COUNTY, MD — Transformco, the parent company of Sears and Kmart, announced Thursday it plans shut another 96 stores by February. The latest round of closures is expected to shutter 51 Sears stores and 45 Kmart location across the nation. In the last 15 years, Sears and Kmart have closed more than 3,500 stores.

Neither retailer has yet specified the locations that will be closed, but for now, nothing is off the table.

Here are the Sears locations:

• Westfield Shopping Town #1725 1040 Annapolis Mall, Annapolis
• Marley Station #1013 7900 Ritchie Hwy, Glen Burnie

Here is the Kmart location:

• 3255 Solomons Island Rd., Edgewater

It’s not all bad news for the national retailers, though, Transformco also said Thursday that it had secured a $250 million lifeline that should help the company better focus on its “competitive strengths.”

Sears and Kmart are part of a growing list of brick-and-mortar establishments that have seen a nosedive in revenue and popularity with the emergence of e-commerce companies such as Amazon and Walmart.

The going out-of-business sales are set to begin on Dec. 2, according to Transformco.