Sears close 46 unprofitable stores, two located in Portland area

Sears close 46 unprofitable stores, two located in Portland area

Sears close 46 unprofitable stores, two located in Portland area

It's one of 46 unprofitable stores nationwide to shut its doors in November, according to a statement released Wednesday by parent company Sears Holdings.

Liquidation sales will begin as early as August 30 at the closing stores.

For Glenbrook, the closure of Sears represents the loss of a second "big box" anchor in a matter of months. The general public is well aware of Sears ongoing struggles in the rapidly changing retail environment.

This follows the shutdown of 103 stores earlier this year and over 300 last year.

Sears announced in May that it would close 72 stores. The company is also testing such concepts as standalone mattress stores and combined Sears and Kmart locations.

The company did not rule out future closures.

Lampert's hedge fund, ESL Investments Inc., said in April it would be open to buying some of the company's assets and urged the department store to put the businesses on the block.

An online listing shows what appears to be about half of the existing Sears store in Fresno, 98,770 square feet on the northern end of the store, available to rent.

Curious if a location near you is affected?

Although the Fresno Sears is attached to Manchester center, the Sears building and its land are owned by a separate company.

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