103 Sears, Kmart stores set to close, 4 in the Heartland

(KFVS) - Sears Holding Corporation has announced another round of store closings including four stores in the Heartland including the one at the Illinois Star Centre Mall in Marion, Illinois.

According to a news release, the company has decided to close 64 Kmart stores and 39 Sears stores that are "unprofitable." Opened in the early 1990's, the mall once hosted more than 60 businesses big and small.

Anthony Rinella, the pro tem Marion Mayor,  commented on the Sears closure in Marion.

"Anytime you lose a business, it's a loss for your city," said Rinella. "You just work a little bit harder to find other sources and recoup that lost. It's sad news. It's not surprising news to us looking at what has happened to Sears in the past 10 years."

Rinella is not the only one that shares the sentiments. Theresa Savat, the Owner of Fox's Flowers is not happy to see the Sears go either, but she won't feel the impact.

"It's not going to affect here at Fox's" said Savat.

The mall has 15 stores in a space that once had several dozen more, and Sears being on one the anchors.

Some businesses feel this change will affect the mall traffic, but Savat explains what makes her store unique.

"The biggest majority of my customers or my business or 90% of it is telephone and internet," said Savat.

"I think it's in an excellent location," said Rinella. "I think it's got great possibilities. Just somebody with some money and we are resilient and we will find something else."

The stores will be closing between early March and early April 2018.

The Kmart locations in West Frankfort, Ill., Mt. Vernon, Ill., and Paducah, Ky. are on the list. The Sears in Marion, Ill. is also set to close.

Some associates impacted by the closures will receive severance and will also have the option to apply for open positions at other Kmart or Sears stores, according to a statement from the company.

Liquidation sales will begin as early as January 12.

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