Sears at Boca Town Center Ready to Close

Sipa USA

The company says employees at 64 Kmart stores and 39 Sears stores were notified Thursday that it was closing the stores between early March and early April.

Liquidation sales will begin as early as January 12. That includes 10 Pennsylvania Kmart stores and three Sears stores.

The struggling chain said they aim to transform their business model so the physical store footprint and our digital capabilities "match the needs and preferences of our members".

Sears Holdings announced Thursday that it will close another 103 stores-both Kmart and Sears units-in 2018.

It acquired Kmart in 2003 and combined the two stores under Sears Holdings two years later.

Sears' imminent closure in Brookfield also marks a watershed moment for the veteran retailer, which was a powerhouse throughout the 1980s and has always been synonymous with such brands as Craftsmen, Diehard and Kenmore.

It has closed more than 1,000 stores in the past few years, including Kmarts in Fayetteville and Goldsboro last year.

Macy's is closing 11 stores and laying off 5,000 employees but neither local store is on the list. However, the challenges also present opportunity for landlords to bring in new tenants and redevelop spaces.

CBL representatives have gone before the Brookfield Common Council and Plan Commission in recent months to discuss plans for the main department store property.

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