Sears To Close Store At Greenwood Park Mall, Kmart To Close On West Washington
STATEWIDE – After filing for Chapter 11 bankruptcy on Monday, Sears Holding Company has announced that it is closing its Sears store at the Greenwood Park Mall, as well the Kmart on West Washington Street in Indianapolis.
Sears was one of the first anchor stores at the Greenwood Park Mall when it opened in 1965. It will now be among the 142 Sears stores closing across the U.S. by the end of the year.
In addition, the company is also closing a Sears store in Terre Haute, a Kmart in Jasper and another Kmart in Griffith.
The company that owns the retail brands has lost $11 billion over the past 10 years, according to the Chicago Tribune.
Sears was founded in 1886. The company that founded Kmart started in 1899, but the first retail store named Kmart opened in 1962.
In 2005, Sears merged with Kmart to become Sears Holding Company.
Photo: Getty Images / Corbis News
