3 Sears, 5 Kmart stores closing in Puerto Rico, pushing total to 14
TransformCo, parent company of Sears and Kmart announced an additional eight Sears and Kmart stores will be closing in Puerto Rico.
The closure, which includes five Kmart and three Sears, responds to part of the restructuring and transformation process through which the store chain has been working for the past year.
The stores closing include the Kmart stores located in Fajardo, Juana Díaz, Arecibo, Plaza Río Hondo and Vega Alta. Meanwhile, Sears will close operations in Fajardo, Plaza del Caribe in Ponce and Céntrico in Guayama.
“During the past months, we have worked hard to take the operation of the stores in the direction established by the TransformCo business model. The process has included a thorough evaluation that leads to the difficult decision of closing eight stores. It is extremely important to recognize the dedication and commitment of each of our employees, as well as our business partners,” said David Cruz, Sears and Kmart Market Leader, Puerto Rico and Virgin Islands.
Liquidation sales are expected to begin in November, extending through February. The company will be offering the necessary guidance and help to employees in order to facilitate the corresponding processes.
In August, the company had announced the closing of Kmart stores in Aguadilla, Trujillo Alto, Cayey, Carolina and Yauco and the Sears location in Bayamón. Those are expected to shut down by Dec. 15, with liquidation sales already underway.
Dude, this is old news. This was announced on Sep. 1. Come on, don’t post this as if it’s some new additional closings.
These are indeed additional closings to those announced in August. We make reference to that in the story. Thank you.
My sincere apologies. You were absolutely correct. I am sorry.
This is very sad news for our town. we have barely any shopping nearby stores now Kmart is gone & SERAS is in its last weeks. Thank you for the Best Memories I’ve shopped in both stores for YEARS In Puerto Rico
Hi
Sad to read about additional closures. So many jobs lost and people affected.
I have wondered what stores could fill the void left by these closures?
Target would be a great retailer for Puerto Rico…
Philip
Cayey, PR
Sad news, what’s going to happen to the employees. It’s bad enough Puerto Rico is going through economic crisis and businesses are leaving PR.
We definitely need better stores in Fajardo, Luquillo & Ceiba. Hopefully Walmart can expand their store to the Kmart location and reopen as a Walmart Super Center.