Sears is closing 24 stores in 17 states — here's the list (SHLD)

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April 11, 2018 4:46 PM

Most stores will begin liquidation sales on April 27.

The closing stores span 17 states including Arizona, California, Florida, Missouri, Ohio, and Minnesota.
Most stores will begin liquidation sales on April 27, employees told Business Insider.
Sears has cut its store count in half in the last five years.

Sears is quietly closing at least two dozen stores in 17 states, in addition to the 166 stores that the company previously said it would close this year.

Most of the stores on the new list will close by mid July, with liquidation sales beginning April 27.

Sears has not publicly announced many of the store closings slated for July. Business Insider confirmed the list of closing stores based on information from multiple Sears employees.

Sears spokesman

Here's the list of closing stores:

Sears

Park Mall, 5950 E Broadway Blvd.
Tucson
,
Arizona
Maplewood Mall, 3001 White Bear AVE N, Maplewood, Minnesota
Overlake Fashion Plaza, 2200 148th Ave NE, Redmond, Washington

Kmart

In addition to closing stores, the company is selling a handful of other locations online through a partnership with Cushman & Wakefield, a real-estate services company.

The properties are advertised as sale-and-leaseback deals, meaning Sears would make rent payments to the winning bidders to remain in the space.

Some properties with flexible lease agreements could allow for the space to be redeveloped into self-storage, hotels, or residential units, according to The Wall Street Journal. Depending on the terms of the lease, it's possible that the Sears stores could shut down entirely or shrink to take up less space on the property, as the company has done with several other locations.

Buyers have until May 1 to signal interest in the properties for sale. Later that month, interested buyers will be able to bid on them in real time in an online auction, according to Real Insight Marketplace.

The following Sears stores are for sale:

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