Sears stores in Manchester and Salem to closeBy PAUL FEELY
New Hampshire Union Leader
August 23. 2018 10:57AM
MANCHESTER — Two Sears locations in New Hampshire are among 46 “unprofitable stores” the company plans to close in November, according to a statement released Wednesday by parent company Sears Holdings.
The Sears stores at the Mall of New Hampshire in Manchester and the Mall at Rockingham Park in Salem, are included on a list of 46 stores slated for closure across the country.
Sears Holdings issued a statement that it is closing the stores in November as part of an effort to “streamline Sears Holdings’ operations, strengthen our capital position and focus on our best stores.”
The company will continue to evaluate the performance of existing stores, which it said is a critical component to the firm’s retail transformation.
Liquidation sales are set to begin as early as Aug. 30, according to Sears. The company said eligible employees will receive severance and have the opportunity to apply for open positions at other Sears Holdings stores, which include Kmart.
Sears retail stores at malls in Concord, Nashua, and Newington will stay open. Sears also operates several smaller “hometown stores” around New Hampshire.