Sears plans to close stores in Indiana, State College

These 45 Kmart stores and 18 Sears are about to close

The new list of closings follows news from mid-October that the St. Clair Shores Kmart store in MI would close.

The corporation wouldn't comment about how many employees will be impacted by this decision.

Sears stores in State College and in are slated to close in January as Sears Holdings continues to shed locations and tries to regain its financial footing.

"Sears Holdings continues its strategic assessment of the productivity of our Kmart and Sears store base and will continue to right-size our store footprint in number and size", a company statement read.

In turn, Sears is testing smaller store formats across the USA, and in some cases moving to occupy a pint-sized portion of a bigger box, as mall operators look to redevelop their properties.

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"It's important to note that these stores will remain open to serve members during the holiday season".

The closing leaves Eastpoint Mall with only JCPenney as an anchor. The nearest Sears store will be at the Mall at Johnson City, Tennessee.

Liquidation sales at the closing stores will begin on November 9, according to the company's statements.

This comes after the company announced this week another round of store closures.

In its annual report in March, Sears Holdings said "substantial doubt exists related to the company's ability to continue as a going concern".

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