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Sears to close Queensbury location

Sears to close Queensbury location

Wilton Mall has only remaining Capital Region location of storied retailer

QUEENSBURY — Half of the Sears stores in the Capital Region are closing.

While accurate, the announcement doesn’t carry quite the drama it once did: There are only two left.

Sears Holdings Corp. this week announced the Sears at the Aviation Mall in Queensbury will close in late September, leaving the Wilton Mall store as the only Sears left in this area.

The next-closest Sears, in Holyoke, Massachusetts, also is on the shutdown list issued by the faded retail giant.

Along with 33 Sears locations nationwide, 13 Kmart stores are targeted in the latest round of store closings implemented by Sears Holdings Corp. The three remaining Kmarts in the Capital Region — in Rotterdam, Greenwich and Queensbury — are not on the closure list.

Sears Hometown and Outlet Stores Inc., which split from Sears Holdings Corp. in 2012 to become an independent company, has slightly better representation in and near the Capital Region: A Sears Outlet operates in Albany, and there is one Sears Hometown Store each in Cobleskill, Hudson and Great Barrington.

In a regulatory filing detailing its first-quarter 2018 financial results, Sears Holdings Corp. reported it had a combined 894 full-line and specialty Kmart and Sears stores in the United States as of May 5, 2018.

It reported a net loss of $424 million on revenue of $2.9 billion in the first quarter of 2018, compared with a net profit of $245 million on revenue of $4.2 billion a year earlier.

And the company said comparable store sales declined 9.5 percent at Kmart and 13.4 percent at Sears over the previous 12 months.
 

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