Culture&Arts

More Stores, While Macy's Announces 5000 Job Cuts

More Stores, While Macy's Announces 5000 Job Cuts

39 Sears stores are also shutting down, including locations at the Northwest Arkansas Mall in Fayetteville and the Central Mall in Fort Smith.

While the Greater Lehigh Valley took some hits during Sears Holdings Inc.'s earlier closings of Kmart stores, it seems to have been spared in the latest round of closures.

In the NY area, the Sears located in Hicksville, on Long Island, is expected to close, as well as one in Toms River, New Jersey. They'll be shuttered between early March and April.

Sears Holdings has announced that a local K-Mart location will be closing in 2018.

Liquidation sales at affected locations will begin as early as January 12. The rise of e-commerce competition is cited as a major cause of the scaled-down operations.

The company said the closures are part of an ongoing effort to "right size" its store footprint.

The department store portion of the business will remain open until April but the auto center will close later this month, according to the statement.

In 2006, the company operated more than 3,000 locations in US and a few hundred in Canada.


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