One of the retail anchors of Park Place will shut is doors forever.
The Sears at Park Place will close, beginning with a liquidation sale April 27.
Here is a statement released by Sears:
We are making the difficult, but necessary decision to close the Sears store at The Park Place Mall. The store will close to the public in mid July 2018. Until then, it will remain open for customers. The store will begin its liquidation sale on April 27. We have been strategically and aggressively evaluating our store space and productivity, and have accelerated the closing of unprofitable stores as previously announced. This is not an effort solely aimed at cost savings but is part of a strategy we' have been executing against as many of our larger stores are too big for our needs. Having fewer stores - and the right format - will help us bring Sears Holdings to a size and place to meet the realities of the changing retail world. Our members and customers can also shop at our other Sears locations, which are listed at http://www.sears.com/stores.html . The number of associates is not publicly available. Those associates that are eligible will receive severance and have the opportunity to apply for open positions at area Sears or Kmart stores.
