CAPITOLA — Sears Holdings announced this week that it will close dozens of stores throughout the U.S., including the location in the Capitola Mall.
Liquidation sales at Sears stores will begin as early as Aug. 30, the company said in a press release.
“As part of our ongoing efforts to streamline Sears Holdings’ operations, strengthen our capital position and focus on our best stores, this week the company informed associates at 46 unprofitable stores that we will be closing these stores in November 2018,” the company stated.
The Capitola location is among five in California to be shuttered.
The announcement could come as another financial loss for Capitola, where during the same week Orchard Supply Hardware announced it will close by the end of the year.
But the news might not be all bad. Capitola Planning Commission is mulling a proposal to allow property owner Seritage to split the property between Sears, a TJ Maxx store and a Petco pet store.
The planning commission rejected the proposal at its June 7 meeting, said Capitola Community Development Director Katie Herlihy.
The property owner has appealed the decision, and the commission is set to reconsider the issue on Oct. 25, Herlihy said.
Sears Holdings said that employees affected by the store closures will receive severance, and can apply for open positions at area Kmart or Sears stores.
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