More Indiana Kmart, Sears Stores Closing

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Illinois-based Sears Holding Corp. (Nasdaq: SHLD) has announced plans to shutter 35 Kmart stores and eight Sears stores throughout the country. The latest round of closures includes four locations in Indiana.

The Kmart location in Anderson, as well as the Sears locations in Clarksville, Elkhart and Schererville, are among those affected by the company’s latest move. Eddie Lampert, chief executive officer of Sears Holding Corp., says the closures are part of a strategic effort to "address losses from unprofitable stores and to reduce the square footage of other stores because many of them are simply too big for our current needs."

"We have fought hard for many years to return unprofitable stores to a competitive position and to preserve jobs and, as a result, we had to absorb corresponding losses in the process," said Lampert. "So, it is obvious that we don’t make decisions to close stores lightly. Our efforts have been, and will continue to be, fact-based, thoughtful and disciplined, with the goal of making Sears Holdings more relevant and more competitive for our members and other constituents."

The company says liquidation sales at the affected locations will begin as early as July 13. The Schererville location is set to close in early August, the while remaining Indiana locations will close in early October. Sears Holdings did not immediately state how many Hoosier jobs would be affected.

Last year, the company announced it was closing three Kmart locations in Lafayette, Elkhart, and Merrillville. Those stores closed in December.

The exact locations of the stores affected in the latest round of closures include:

• Kmart: 2828 N Broadway, Anderson
• Sears: 757 E Lewis & Clark Pkwy, Clarksville
• Sears: 154 28B W Hively Ave, Elkhart (the Sears Auto Center at this location will close in late July)
• Sears: 120 Us Highway 41, Schererville