As department stores around the nation are struggling to survive, Sears has released an updated list of dozens more stores that the company is set to close.
That includes 16 more Sears stores and 49 Kmart stores.
There are two Kmart stores that are set to close in Virginia Beach, one in Town Center and the other in Kempsville. The addresses are below:
- 1205 Fordham Dr., Virginia Beach, Va. 23464
- 312 Constitution Dr., Virginia Beach, Va. 23462
At the beginning of the year, Sears Holding announced the closing of 150 stores, including 108 Kmart and 42 Sears locations in 40 states.
In March, the retailer said the entire company is in jeopardy and warned that "substantial doubt exists related to the company's ability to continue as a going concern."
In its latest update on its restructuring in April, the company reported progress has been made but that it was also closing 92 underperforming pharmacy operations in select Kmart stores and 50 Sears Auto Center locations.