High Point Sears on national closure list

News
This is an archived article and the information in the article may be outdated. Please look at the time stamp on the story to see when it was last updated.

HIGH POINT, N.C. — The Sears at Oak Hollow Mall is on the list of at least 100 stores the company plans to close.

The company announced Tuesday it would close 100-120 Sears and Kmart stores, but Thursday’s list showed only 79 stores had been determined so far.

According to the list, the High Point store’s closing date is “to be determined.” Company officials have not said how many employees would be affected.

The High Point location is one of four North Carolina stores on the list, all of which are Sears-branded. The others are in Morehead City, Rocky Mount and Statesville.

The stores that made the list are considered marginally performing. The company said it wants to focus on stores that make money.

Companywide, sales have dropped 2.6 percent over the past year and 5.2 percent over the past quarter.

Sears has seen quarterly decreases in consumer electronics and home appliance sales, while Kmart has seen decreases in consumer electronics, apparel and layaway sales.

Copyright 2021 Nexstar Media Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.

Must-See Stories

More Must-See Stories

MOST POPULAR

Follow FOX8 on Twitter