Two retailers shutting down locations in major cities as liquidation sales up to 70% going on now
TWO iconic department store chains are closing numerous locations throughout the country, as retail troubles continue to take a toll.
Both Sears and Belk announced multiple upcoming store closures in the coming weeks.
And Sears, once one of America's most popular and ubiquitous stores, is leaving four states altogether.
Yet, the dozens of closures do mean customers can take advantage of large liquidation sales.
1. SEARS
Sears will be closing its final locations in four states:
- Colorado
- Louisana
- North Carolina
- Pennsylvania
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The last Sears in North Carolina, located in Greensboro, will close at the end of May.
The store is currently offering sales of up to 70 percent off as it winds down operations.
Pennsylvania's last Sears location, a Sears Appliances & Mattresses in Capital City Mall also announced it was closing for good, although it has yet to announce a final day.
Louisana and Colorado's final Sears stores are located in Lafayette and Fort Collins, respectively.
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Sears will soon have only 12 remaining locations in the country.
At its peak, Sears and its sister store Kmart had 3,500 locations.
2. BELK
Regional chain and Macy's rival Belk also announced a closure.
The company is closing its only location in Selma, Alabama.
"We are grateful for the contributions of our Selma associates and are providing them with support during the transition, including the opportunity to interview for a position at another Belk store," Belk told WFSA in a statement.
The store will close on June 5.
It is currently offering sales of up to 60 percent.
MORE CLOSURES
Belk and Sears are just two chains closing stores as the retail industry grapples with both the continued rise of e-commerce and ongoing disruptions due to the Covid-19 pandemic.
Once dominant home goods giant Bed Bath & Beyond filed for Chapter 11 bankruptcy in April.
It is now in the process of closing all of its remaining locations and liquidating its merchandise with close-out sales.
The store may still survive if it can find a buyer by June 30.
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Retailers are not the only ones struggling. Fast food giants have faced pressure, too.
Grocery chains have struggled to stay open, too.