Sears to close another 20 stores

As Sears Canada enters a court-supervised restructuring the company's pop-up shop in downtown Toronto is trying to entice new shoppers with a hipper image

Sears Holding Corp.is shutting down 20 stores across the United States, including the Sears store and Sears Auto Center in East Northport. "Based on shopper preference data, we expect Macy's to retain the highest share of sales when it closes stores and Sears to see the lowest sales-retention rates".

Two Sears and Sears Auto Center locations in Northeast Ohio will close their doors in what the company is calling "a hard, but necessary decision". The plan was disclosed early Friday in a filing by Seritage Growth Properties, the landlord for more than 200 Sears and Kmart properties.

Sears announced this spring that it lost more than $2 billion previous year.

The store at Skyview Power Centre, 13304 137 Ave., will be one of the 15 Sears Home stores closing in Canada.

"We are making the hard, but necessary decision to close the Sears store and Sears Auto Center", Sears spokesman Howard Riefs said in an email late Thursday.

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The only Chicago-area store among the 20 closing is on North Harlem Avenue in Galewood, Riefs said. There have been about 5,300 store closing announcements so far this year, according to Fung Global Retail & Technology, a retail think tank. Kmart stores in Clementon, East Brunswick, Manahawkin, Mantua, Pleasantville and Rio Grande closed this year. An auto center at the Galewood Sears will close in late July.

"The brand reinvention work Sears Canada has begun requires a long-term effort", Sears Canada said in a statement Thursday. Sears Canada filed for protection from its creditors under Canada's Companies' Creditors Arrangement Act, the equivalent of Chapter 11 bankruptcy, on Thursday.

And Sears Holdings owns another 12% of the Canadian retailer.

A "virtual career transition" website will be available in the coming weeks at no cost to employees, said a spokesperson.

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