Newspaper article St Louis Post-Dispatch (MO)

Kmart in Belleville among 28 Stores Being Closed by Money-Losing Sears

Newspaper article St Louis Post-Dispatch (MO)

Kmart in Belleville among 28 Stores Being Closed by Money-Losing Sears

Article excerpt

Sears Holdings Corp. reported a quarterly loss on Thursday as fewer customers visited its stores and as the company offered more discounts amid intense industry competition.

The retailer also said it would close 28 Kmart stores, including its only remaining store in the Metro East.

The Belleville store, located at 7230 Westfield Plaza Drive, is one of four left in the St. Louis area. Kmart also has stores in Florissant, Crystal City and south St. Louis County.

Sears said liquidation sales at the 28 locations will begin on Aug. 31. The closings are in addition to 150 Sears and Kmart stores it plans to shutter by Sept. 30.

The retailer has been struggling with years of losses and declining sales.

Sears said sales at stores open for at least a year fell 11. …

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