IDAHO FALLS — More Sears and Kmart store closures are scheduled in the next few months.
A recent press release by the parent company Sears Holdings named 64 Kmart stores and 39 Sears stores on the chopping block beginning in March.
“Sears Holdings continues it’s strategic assessment of the productivity of our Kmart and Sears stores base and will continue to right size our store footprint in number and size,” according to the press release. “In the process, as previously announced we will continue to close some unprofitable stores as we transform our business model so that our physical store footprint and our digital capabilities match the needs and preferences of our members.”
Among the listed stores slated for closure include two Idaho locations, Twin Falls and Coeur d’Alene. Idaho Falls’ location seems to have been spared, for now.
But, southeast Idaho region hasn’t been exempted from such closures in the past. The Kmart in Ammon recently closed as hundreds of customers visited the store to get products for cheap in an “everything-must-go,” type sale in the months preceding.
According to CNBC.com, Sears shares have tumbled more than 60 percent over the past 12 months.