Will 14% of Sears Auto Centers close?
Sears Holdings Corp. is having financial difficulties. How will that affect the 837 Sears Auto Centers?
Sears recently announced it is closing 100 to 120 Kmart and Sears full-line stores; 788 of the auto centers are located in full-line stores, including 20 in Kmart stores. Conceivably, up to 120 Sears Auto Centers, or 14.3% of the total, may close their doors or be sold.
Modern Tire Dealer Editor discusses the move in his latest blog, "Sears Auto Centers may be in a state of flux." He puts the news in context, and gives you a short preview of the 2012 MTD Facts Issue at the same time.
Sears has yet to announce all of the stores that will be closed. But you can find a link to the announced store closings by clicking here.
Would you be sorry to see a competitor of Sears' caliber in your area go by the wayside? Let us know what you think by leaving a comment!