Sears closing 150 stores, 1 in Las Vegas

LAS VEGAS - Sears is closing 150 stores nationwide, including one store is in the Las Vegas valley.

The store closing in Las Vegas is a Kmart store located at 10405 S. Eastern Avenue in Henderson.

The closures include a combination of Kmart and Sears stores.

Sears says all of the stores closing collectively lost around $60 million over the last year. Many factors played into the closures including increased competition and online shopping.

"Everyone's shopping online. Anything I want my kids just say, 'Mom take a picture of it, give it to me and I'll go online and order it' and you'll have it in two days and that's just what I do," said Joyce Schafer, Kmart shopper.

This is not the first round of store closures for Sears. It closed 78 stores in 2016 and more than 200 in 2015.

Sears also announced it is selling its Craftsman brand to Stanley Black and Decker. That sale is expected to bring in more than $775 million to the company.

 


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