CLARKSVILLE, Tenn. (CLARKSVILLENOW) – The Clarksville Sears store inside Governor’s Square Mall (2801 Wilma Rudolph Blvd.) is among the 142 Sears locations closing across the country.
Sears filed for Chapter 11 bankruptcy protection Monday.
Other stores closing in Tennessee include:
2100 Hamilton Place Blvd, Chattanooga
2800 N Germantown Prkway, Cordova
7600H Kingston Pike, West Town
At its peak, the operator of Sears and Kmart had 4,000 stores in 2012 but will now be left with a little more than 500.
The company has struggled with outdated stores and complaints about customer service even for its once crown jewels: major appliances like washers and dryers. That’s in contrast with chains like Walmart, Target, Best Buy and Macy’s, which have been enjoying stronger sales as they benefit from a robust economy and efforts to make the shopping experience more inviting by investing heavily in remodeling and de-cluttering their stores.
Sears Holdings will close 77 Sears stores and 65 Kmart stores near the end of the year and liquidation sales are expected to begin shortly. That’s in addition to the closure of 46 unprofitable stores that had already been announced.
Edward S. Lampert, the company’s largest shareholder, has stepped down as CEO but will remain chairman of the board. A new Office of the CEO will be responsible for managing day-to-day operations.
Read more about the closures here.
*The Associated Press contributed to this report.