Southern California

Three Kmart Locations in Southern California Closing

The stores are among 28 nationwide locations marked to be closed by the end of this year

Three Kmart stores in Southern California are among 28 nationwide locations marked to be closed by the end of this year, Kmart's parent company Sears announced Thursday.

The local Kmarts to be shuttered are at 23222 W. Valencia Blvd. in Valencia, 10400 Rosecrans Ave. in Bellflower and 16968 Main St. in Hesperia. View the full list here

Sears earlier this year took 180 Kmart and Sears stores out of operation and said another 150 would be closed by the end of the company's third quarter, which falls in November.

The number of people who will lose their jobs locally or nationally has not been released by the firm's corporate office.

Once the nation's largest retailer, Sears now is struggling to survive in a war of attrition with the likes of Amazon.com and a resurgent Walmart.

Sears sales fell more than 13 percent, and Kmart sales fell more than 9 percent in the second quarter that ended July 29, a net loss of about $251 million.

In recent years, Sears has sold off a number of its well-known assets, such as the Lands' End clothing line and its Craftsman tool brand.

Company officials recently announced that they would begin selling their Kenmore appliance sector on Amazon.com.

Sears Holdings still retains about 1,000 stores operating nationwide and company officials disclosed in a filing this year that they have at a minimum a year's stockpile of cash to stave off bankruptcy.

Copyright CNS - City News Service
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