TOLEDO, OH (WTOL) - After revenue fell at both Sears and Kmart a list of closings has been released, including four local Kmart and Sears stores.
Kmart's quarter-to-date comparable store sales decline reflected decreases in the consumer electronics and apparel categories and lower layaway sales. Sears Domestic's quarter-to-date sales decline was primarily driven by the consumer electronics and home appliance categories, with more than half of the decline in Sears Domestic occurring in consumer electronics.
The Sears located on North Monroe Street in Monroe, MI and the Sears located on South Main Street in Adrian, MI are closing.
Although The Mall of Monroe management is disappointed that one of its four anchor stores may be closing, they are hopeful that the giant retailer will change its mind.
The Kmart located on South Reynolds Road in Toledo and the Kmart located on East Manhattan Boulevard in Toledo are closing.
The closing dates have yet to be determined.
A typical store that is being closed employs between 40 and 80 associates.
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