Kmart And Sears To Close Over 100 Stores
EL PASO- The Christmas shopping season can make or break a retail store, and now it appears some Kmart and Sears stores are broken.
Their parent company says that it will close more than 100 stores nationwide next year.
El Paso has eight Kmart locations ,and Las Cruces has two. Sears has six stores in El Paso, and Las Cruces has two.
The company that owns both stores is not saying where it will close stories, so we don’t know if any Borderland stores will shut down.
The company admits Sears and Kmart stores did not have a very successful holiday shopping season.
It’s still a big company even if 100 stores go away. There are still 4,000 Sears and Kmarts in the U.S. and Canada.
"I can see it coming with the competition and the economy the way it is,” said shopper Michael Gallegos.
"I always think Kmart is a little more expensive. Sometimes they have deals with the coupons or something you can get things about the same price as it would be maybe at another place. Most of the time I’ve found their prices are a little more expensive. That's why I don't go to the store that often,” said shopper Tara Kroeker.
Overall sales at Kmart and Sears stores are said to be down more than 5 percent from the same time last year.
The Sears Holding Company also blames wage cuts to the middle class as a reason for their decrease in revenue because they are their main customers.