Friday, November 03, 2017

Joplin Sears store survives another round of closings

The Joplin Sears store at Northpark Mall is not one of 63 Sears and K-Mart stores that are closing according to a list that was released by the company today.

Eighteen of the stores are Sears stores, but none of them are in Missouri. The list includes K-Mart stores in Independence, Sedalia, St. Louis and Poplar Bluff.

This is the second series of closings this year and the third in the past 18 months that the local Sears store has survived, but Sears annual report filed in March with the Securities and Exchange Commission indicates that all Sears and K-Mart stores are in danger of closing.

"Our historical operating results indicate substantial doubt exists related to the company’s ability to continue as a going concern."

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