Sears, Kmart to Close?
Corporate Officials Warn That 120 Stores Will Be Closed Nationwide
Shoppers and scores of retail employees soon will learn whether the Sears department store at Santa Barbara’s La Cumbre Plaza and the Kmart at 6865 Hollister Avenue in Goleta will close for good.
After an upbeat holiday retail season for many companies, Sears Holdings Corp. officials on December 27 said their sales sank like a stone and they will close up to 120 Kmart and Sears chain stores. Kmart and Sears have a combined 2,177 U.S. big-box locations and 500 in Canada.
Sears’ La Cumbre store manager Ted Herrell said he could not comment on whether his location will be closed. The Goleta Kmart store manager was not immediately available for comment. A list of stores to be closed soon can be seen at searsmedia.com .
