Sears is closing several locations throughout the nation, including stores in Hagerstown and at the Hunt Valley Towne Center in Baltimore County. The closings are part of an effort to cut costs for the struggling retailer.
Sears Holdings Corp. announced the closings of 20 “unprofitable” stores last week. The locations make up 3.8 million square feet of space, which is owned by Seritage Growth Properties. The base rent for all 20 locations totaled up to $11.2 million.“We are making the difficult, but necessary decision to close” the Sears in Hagerstown and Sears and Sears Auto Center on Shawan Road, said Sears Spokesman Howard Riefs.
Liquidation sales at both locations are scheduled to begin Friday June 30 and the closing date is set for mid-September. The auto center on Shawan Road in Hunt Valley will close earlier in July.
“We have been strategically and aggressively evaluating our store space and productivity and have accelerated the closing of unprofitable stores as previously announced,” Riefs said.
When the Hunt Valley Mall opened in 1981, Sears was one of the first stores to move in.
A total of 400 jobs will also be cut at Sears corporate office located outside Chicago.