Lubbock escapes "partial" Sears, K-mart closing list - KCBD NewsChannel 11 Lubbock

Lubbock escapes "partial" Sears, K-mart closing list

LUBBOCK, TX (KCBD) -

At least for now, Lubbock will get to keep both its K-Mart and its Sears stores.  Neither store was on the closure list Thursday, nor was any location in Texas.  The company announced earlier this week that there would be a round of closures after a disappointing 2011 Christmas shopping season.  

Tuesday's announcement said 100 - 120 stores would close but Thursday's list only had 79 locations.  Several national outlets including the Wall Street Journal say this is only a "partial list."  So, Lubbock could still face possible store closures.

Also on Thursday Fitch Ratings decided to downgrade Sears from a 'B' rating to a 'CCC.'  

Sears Holdings Corporation bought out K-Mart in 2005. The Lubbock K-Mart was downsized back in 2009, with 90 jobs lost.  

Copyright 2011 KCBD NewsChannel 11. All rights reserved.

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