Peru's Sears store is one of the latest casualties of the retail giant's closure plans, Business Insider recently reported.
An article earlier this month in Business Insider said the Peru store, located at 1607 36th St., is one of seven Sears stores nationwide set for closure in early October, the company announced. The full list has eight Sears stores slated to close, with one in Schererville, Indiana, set for closure in early of August. Two other Indiana stores, in Elkhart and Clarksville, and a store in Kenosha, Wisconsin, are on the list.
This round of closure announcements by Sears Holdings, the fourth such round this year, also includes 35 Kmart stores, none of which is in Illinois. The closures began in January, with the number of Sears stores expected to be fewer than 1,140 with the current round of closings, Business Insider reported. That is almost half the number of stores Sears had five years ago.
The Business Insider article quoted Sears CEO Eddie Lampert from a blog post in which he said that the current closure strategy is “to address losses from unprofitable stores and to reduce the square footage of other stores because many of them are simply too big for our current needs.”
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