TODAY'S PAPER
45° Good Afternoon
45° Good Afternoon
Business

Riverhead Kmart and New Hyde Park Sears to close in November

The stores will join the hundreds nationwide that Sears Holding Corp. has closed in recent years, as it has struggled to compete with Amazon and other online retailers.

Exterior of the Sears department store in Hicksville,

Exterior of the Sears department store in Hicksville, which closed in April. Photo Credit: Danielle Finkelstein

A Kmart in Riverhead and a Sears in New Hyde Park are among 46 unprofitable stores that Sears Holdings Corp. will close in its latest round of cuts, the company said.

The stores will close in November as part of the Hoffman Estates, Illinois-based company’s “ongoing efforts to streamline Sears Holdings’ operations, strengthen our capital position and focus on our best stores,” the company said in a statement.

The Kmart in Riverhead is at 605 Old Country Rd. in the East End Commons shopping center. The Sears in New Hyde Park is at 1400 Union Tpke. in the Lake Success Shopping Center.

Liquidation sales will begin Aug. 30, the company said.

The stores will join the hundreds nationwide that Sears has closed in recent years, as it has struggled to compete with Amazon and other online retailers.

On May 5, there were 529 Sears stores and 365 Kmarts in the United States and two U.S. territories — Puerto Rico and the Virgin Islands, a company spokesman said. In January 2016, there were 705 Sears locations and 941 Kmarts.

This January, Sears said it would close 103 stores, with most shutting their doors by April, including a Sears at 195 N. Broadway in Hicksville.

Then in May, Sears announced it would close 48 Sears locations and 15 Kmarts in early September, including a Kmart at 1000 Montauk Hwy. in West Babylon.

After the three store closings in West Babylon, Riverhead and New Hyde Park, there will be four Sears and five Kmarts remaining on Long Island.

Sears reported a net loss of $424 million in its first quarter, which ended May 5.

It was not immediately known how many employees will be affected by the latest round of store closings.

More news