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.
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