THE SEARS STORE AT ALBUQUERQUE’S CORONADO MALL IS CLOSING. IT’S ONE OF 142 STORES NATIONWIDE THAT THE COMPANY IS SHUTTING DOWN AS PART OF ITS CHAPTER 11 BANKRUPTCY. A COURT FILING SHOWS LIQUIDATION SALES ARE EXPECTED TO BEGIN WITHIN A COUPLE OF WEEKS.
SEARS HAS JUST UNDER 700 STORES REMAINING, INCLUDING K-MART LOCATIONS. IT WAS ANNOUNCED EARLIER THIS YEAR THAT THE SEARS AT COTTONWOOD MALL WAS ALSO CLOSING. IF SEARS DOESN’T REACH A VIABLE RESTRUCTURING AGREEMENT IN BANKRUPTCY, IT’S POSSIBLE MORE STORES…OR EVEN ALL STORES…COULD END UP CLOSING.
