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Sears Files for Bankruptcy

Walker Evans Walker Evans Sears Files for Bankruptcy

After years of financial struggles, Sears Holding Corp — the parent owner of Sears and Kmart — has officially filed for bankruptcy. The company missed a deadline to pay a $134 million debt payment, and is moving forward with the Chapter 11 process. Stores have been closing regularly every month, with several shuttering in central […]

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Eastland Mall Will Have No Anchors Following Sears Closure

Walker Evans Walker Evans Eastland Mall Will Have No Anchors Following Sears Closure

With a one-two punch, Eastland Mall has lost all of its remaining anchor stores. Macy’s announced plans back in January to close its Eastland location, and yesterday Sears revealed that it will be closing its store there — along with 71 other locations across the U.S. — sometime in September. The mall, originally opened 1968, has […]

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Westland Mall Headed to 100% Vacancy with Closure of Sears

Walker Evans Walker Evans Westland Mall Headed to 100% Vacancy with Closure of Sears

The long-neglected Westland Mall will officially be empty this fall as the final tenant shutters its doors. Sears announced its latest round of 72 store closures yesterday, which includes its Westland Mall and Eastland Mall locations. The Westland Mall property has been discussed many times as a possible site for a catalytic development project that could […]

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Sears Reports “Substantial Doubt” About Future of Company

Walker Evans Walker Evans Sears Reports “Substantial Doubt” About Future of Company

In January, The Sears Holdings Corporation announced that it would be closing 150 Sears and Kmart stores across the U.S., including three locations in Central Ohio. Today, it’s been revealed that the company could be closing more, or even all of its stores in the near future. “Our historical operating results indicate substantial doubt exists […]

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Two Kmart Stores and One Sears Location Closing in Central Ohio

Walker Evans Walker Evans Two Kmart Stores and One Sears Location Closing in Central Ohio

Representatives from department store Sears announced this week the closure of 150 stores in their portfolio. That includes 42 Sears locations and 108 Kmart stores. All stores on the chopping block are expected to be shuttered by April with clearance sales expected to begin as early as this Friday. Locally, the closures will affect three […]

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Frustration Grows at Lack of Progress on Westland Mall Site

Brent Warren Brent Warren Frustration Grows at Lack of Progress on Westland Mall Site

Frustration is growing on the West Side as the another year passes with no movement on the Westland Mall site. Although it looked like demolition of the mall was imminent last December — when Franklin Township officials cited the property’s owner for a series of code violations — those issues were resolved a short time later and the mall […]

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