Sears, Kmart: More Bad News For 2 Major Retailers In Virginia

MANASSAS, VA — Transformco, the parent company of Sears and Kmart, announced Thursday it plans shut another 96 stores by February; four of those locations appear to be in Virginia. 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. USAToday reports that it has the list of 96 store closings.

Here are the Sears locations:

• Richmond Sears: 11500 Midlothian Turnpike
• Manassas Sears: 8200 Sudley Road
• Fredericksburg Sears: 100 Spotsylvania Mall
• Winchester Sears: 1850 Apple Blossom Drive

There are no Kmart locations on the closing list in Virginia, the newspaper reports.

Related:

• These 6 Clothing Stores In DC, VA Are Closing, Retailer Says
• The Chain Stores Revamping Or Closing In NoVA, DC In 2019
• Bed Bath & Beyond Changes, Closures: Can VA's 26 Stores Survive?
• Another National Retailer Closing 8 Virginia Stores

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

A growing list of brick-and-mortar establishment have seen revenue drop as the popularity of e-commerce companies such as Amazon and Walmart soars. In early September, Bed Bath & Beyond said it would close some stores and overhaul others ahead of the 2019 holiday shopping season.