A BELOVED department store chain will close its doors for good next week at one location.
Sales of up to 70% off are currently underway following the retailer's bankruptcy woes.
Sears is due to close its final location in New Jersey on Sunday, March 3.
The iconic department store chain will soon have just 11 mainland US stores left.
Situated in Jersey City's Newport Mall, the closing location is the only Sears store serving New York City residents.
The closest remaining Sears for NYC shoppers will be 227 miles away in Braintree, Massachusetts.
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Sears has served as the anchor store for Newport Mall since it opened in 1987.
Rumors have it that Primark, the Irish discount clothing and home store, could take its spot, as per CNN.
Sears announced the closure of its Newport mall store via Facebook.
In a post, it told shoppers that "everything" would be between 25% and 75% off.
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SEAR-ED
Sears and K-Mart are both owned by Transformco.
They have been on a rapid decline since their peak in 2005, at which point they had a combined 3,500 stores.
Under the ownership of billionaire Eddie Lampert, sales have dramatically slowed as Sears has failed to keep up with competitors in the online space.
By 2018, Transformco filed for bankruptcy.
Although the retailer survived bankruptcy with 223 Sears stores in tact, all but 11 in the continental US and one in Puerto Rico have since closed.
M'ALL BE DAMNED
But Sears is not the only mall staple struggling to survive.
JCPenney is also holding liquidation sales at its anchor store at the Crystal Mall in Waterford, Connecticut.
Since filing for bankruptcy in 2021, it has closed a total of 175 locations.
But the retailer has vowed to spend $1 billion remodeling its existing stores by the end of 2025 to stop shoppers from turning away.
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Meanwhile, see what major change Walmart is bringing to stores, and why it may remind some of Costco.
And discover one Target employee's time-saving trick for buying large items.
