Sears to close more stores, including 2 in the Houston area

Sears Holdings is closing another 20 stores as the distressed department-store chain seeks to stanch the bleeding amid swirling challenges for the retail sector.

The company will shutter 18 Sears stores and two Kmart locations, real estate investment trust Seritage Growth Properties confirmed in a Securities and Exchange Commission filing.

Business Insider reports two Sears locations will close in Texas, both in the Houston area: 300 Baybrook Mall, Friendswood, TX and 9570 Southwest Freeway, Houston, TX.

The move adds to a steady drip of closures that now add up to more than 260 for the year, leaving the company with more than 1,100 remaining locations.

The iconic American department-store chain has buckled under pressure from online competitors, having failed to reinvent its brick-and-mortar experience.

Sears acknowledged in March that there was "substantial doubt" it would survive on its own, though the company said its cost-cutting maneuvers and other retail strategies would greatly improve its chances of carrying on. CEO Eddie Lampert has since blasted critics and said Sears is "fighting like hell."

The latest round of stores will begin liquidation sales by June 30 and will close by mid-September, Sears said in a statement. 

"We understand that members may be disappointed when we close a store, but our Shop Your Way membership platform, websites and mobile apps allow us to maintain these valued relationships long after a store closes its doors," the company said. "As a result, we hope to maintain and even grow our relationships with the members who shopped this location."

Business Insider's list of stores set to close also includes three in Ohio, three in New York, and two in Maryland. USA TODAY could not immediately confirm those locations, however.

© 2017 KHOU-TV


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