Odessa Location of Sears One of Several Stores Nationwide Closing This Spring
Sears/K-Mart announced last month they were going to be closing some under-performing stores across the nation and the Sears location in the Music City Mall is one of those closing this spring.
According to YourBasin.com, the Sears located in the Music City Mall in Odessa is one of over 40 Sears stores in the Sears/K-Mart corporation that are slated to close this spring.
Liquidation sales will begin in most of those stores beginning January 6.
Here is the statement from the company:
"The decision to close stores is a difficult but necessary step as we take actions to strengthen the Company's operations and fund its transformation. Many of these stores have struggled with their financial performance for years and we have kept them open to maintain local jobs and in the hopes that they would turn around. But in order to meet our objective of returning to profitability, we have to make tough decisions and will continue to do so, which will give our better performing stores a chance at success. Eligible associates impacted by these store closures will receive severance and will have the opportunity to apply for open positions at area Kmart or Sears stores."
The Midland location of Sears will remain open.