Once staples of the suburban shopping experience, Sears and Kmart stores will see 72 more closures this year company officials announced Thursday.
The brand has struggled to stay afloat against competition from online retailers like Amazon and mega discounters like Walmart and Meijer.
Shoppers throughout the Los Angeles area could be affected, but won’t know until a list of closures is released later in the day. It is the 26th quarter in a row that the company has made a similar announcement.
In a news release issued Thursday morning, officials with the Sears Holding Co. said they expect to close 72 non-profitable stores by November.
“These stores are expected to close by the end of the third quarter,” company spokesman Rob Reicker said in a morning conference call. “Continuing to evaluate our store network and other initiatives will allow us to optimize our cost structure and enhance our liquidity, while staying focused on our best members, best categories and best stores.”
Locally, Sears stores are located in Pasadena, Glendale, Burbank, Montebello, West Covina, Cerritos, North Hollywood and Baldwin Hills.
Kmart has stores in West Covina, Temple City and Burbank.
In a press release the company said it will partner with Amazon on tire sales.
“Collaboration with Amazon.com, subsequent to quarter end, to provide full-service tire installation and balancing for customers who purchase any brand of tires on Amazon.com. This makes Sears Auto the first nationwide auto service center to offer Amazon.com customers the convenient Ship-to-Store tire solution integrated into the Amazon.com checkout process. In addition, DieHard all-season passenger tires will now be sold on Amazon.com.”