Sears store at West Acres in Fargo to close
FARGO -- The Fargo Sears store at the West Acres Shopping Center here is among 150 Sears closures slated nationwide for early this year.
The closures were reported by Business Insider on Wednesday, Jan. 4, after the magazine obtained internal documents outlining the company’s plans to shut down a total of 108 Kmart stores and 42 Sears stores by April.
Sears announced 46 closures internally on Dec. 27, so this marks the second wave of closures. The 150 stores that are closing represent about 10 percent of the store’s base, Business Insider reported.
The West Acres Sears, located on the east end of the shopping center, has been part of the mall since it opened in 1972. With the closing, it’s reported that 53 employees will lose their job and those full time and in management will be offered severance packages.
The closures follow a fifth straight quarterly loss reported by retailer Sears Holdings Corp., according to Reuters. In 2016, stocks for the retailer fell 41 percent and total revenue fell 14.3 percent.
Another store in the area included in the closures is Kmart in Detroit Lakes, Minn., 1305 Highway 10 W.
In October 2015, the Sears Hometown Store at 3218 Highway 10 in Moorhead closed its doors after seven years in business. Former owner, Don Neitzke, unsuccessfully tried selling the business for a year before deciding to close.
West Acres Sears Operations Manager Jesse Heaton couldn’t be reached for comment. Media contacts for West Acres couldn’t be reached for comment on the store’s closure.
On Wednesday, Business Insider also reported a list of 68 Macy’s stores that will close in early 2017. Included on that list is the downtown Minneapolis location and the Grand Forks store, which opened in 1978. About 53 employees at Grand Forks’ Macy’s will be affected by the closing of the 99,000 square-foot store.