Bonita Lakes Sears to close in February, liquidation sale starts next week
Published 7:15 pm Thursday, November 8, 2018
- file photoThe Sears store at the Bonita Lakes Mall in Meridian will soon close its doors.
The Sears store at the Bonita Lakes Mall in Meridian will soon close its doors.
Sears Holdings, which operates Sears and Kmart stores, announced on Thursday that 40 stores across the country would close in February 2019. The Sears at 1001 Barnes Crossing Road in Tupelo is also on the closure list.
Liquidation sales are expected to begin late next week, and the Sears Auto Store at those locations will close as well, the company said in a news release.
In November 2017, the company announced it was closing 63 Sears and Kmart stores which included the Sears in Tuscaloosa and Kmart in Albertville. In May, the company announced the closure of 72 more stores.
Sears joins a growing list of retailers that have filed for bankruptcy or liquidated in the last few years amid a fiercely competitive climate, The Associated Press reported in October.
The J.C. Penney store at Bonita Lakes closed last year after the company announced it was closing two distribution facilities and 130-140 retail stores. Earlier this year, Geoffrey, another Bonita Lakes store, closed its doors after Toys R Us announced it was closing about 200 locations in the United States.
The decision to close 182 of its 900 retail stores in the United States — including Geoffrey’s and Babies R Us stores — came after Toys R Us filed for Chapter 11 last fall under the weight of $5 billion in debt.
The Associated Press contributed to this report.