Nearly 1 in 9 Kmart and Sears locations to close

Flickr user Timothy Valentine
"K" marks the spot?

On Tuesday, the company behind Kmart and Sears announced that due to disappointing yearly growth, they would close 100 to 120 stores — that's nearly one in every nine stores that will close.

However, it's still not clear where the downsizings will happen and if any will be in our local area, but it is clear that the company will be aiming at under-performing stores.

The only Beaufort County Kmart is on Boundary Street in Beaufort, in the Cross Creek Shopping Center that's being transformed into Beaufort Town Center.

You can get a load of numbers and corporate speak in Sears' press release (read that here).

During the 2010 and 2011 closing of Kmart and Sears stores, South Carolina escaped any local closures and generally the growing nature of our region has helped rebuff local closures of other chains. 

We'll be sure to update you once the local closings are announced. 

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