The Cherry Valley Sears store will close its doors in March as part of the parent company’s restructuring plans, Sears Holdings Corp. said this week.
The store is on a list of 80 Sears and Kmart stores slated for closure in late March, according to the company, which filed for bankruptcy in October. The Sears store is one of two Illinois stores on the list.
Those stores’ locations are:
– 7200 Harrison Ave. in Cherry Valley.
– 235 St. Clair Square in Fairview Heights.
“As part of Sears Holdings’ processes to accelerate its strategic transformation and facilitate its financial restructuring, on December 27, 2018, the company informed associates at 80 stores that we will be closing these Sears and Kmart stores …” Sears Holdings said in a press release.
The Sears Auto Centers at the Sears locations will also close, and the company expects to begin the liquidation process in about two weeks.
Sears Holdings previously said that the shuttering of 40 other unprofitable stores would be completed by February. In total, the company has targeted 262 of its approximately 700 stores for closure since it announced it would file for bankruptcy.
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