Casper’s Sears and Kmart stores are scheduled to close, according to a list published today at USA Today.
The list coincides with the announcement that Sears Holdings has filed for Chapter 11 bankruptcy.
The move comes after years of struggling to compete in a changing retail market, including pressure from online organizations.
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Sears and Kmart both have histories going back over a century. The two retail giants were joined in 2005 when Kmart holdings purchased Sears.
A manager at Casper’s Kmart directed calls to a number at Sears Holdings. Attempts by Oil City to reach a spokesperson at Sears Holdings for comment were unsuccessful at press time.
According to a Sears Holdings press release, Holdings will close 142 unprofitable stores near the end of the year. “Liquidation sales at these stores are expected to begin shortly,” said the release.
Casper’s Sears and Kmart stores have operated for decades. The Slumberland furniture store is located in the building on Center Street that was built by Sears in the late-1950s. Sears moved to Eastridge Mall when it opened in 1982.