Thread regarding Sears layoffs

Store Closing exercise

From annual 10-K filings beginning 2005 to 2016 - excludes Grand, Essentials and Independently owned stores -- closing percentages calculated on 5 yr and 12 yr time frames - does NOT include the 2017 closings ( the numbers ain't gonna get any better with the 2017's )

Looks like Kmart is vying to be the sacrificial lamb first

FYE 2006 - Sears Full Line / Mall stores -- Owned 516 --- Leased 350

FYE 2012 - Sears Full Line / Mall stores -- Owned 497 --- Leased 291

FYE 2013 - Sears Full Line / Mall stores -- Owned 485 --- Leased 283

FYE 2014 - Sears Full Line / Mall stores -- Owned 472 --- Leased 237

FYE 2015 - Sears Full Line / Mall stores -- Owned 302 --- Leased 403

FYE 2016 - Sears Full Line / Mall stores -- Owned 293 --- Leased 377

5 year basis

Owned -- 41.0% closed

Leased -- 29.6% Increase

12 year basis

Owned -- 43.2% closed

Leased -- 7.7% Increase

FYE 2006 - Kmart Discount stores -- Owned 134 --- Leased 1227

FYE 2012 - Kmart Discount stores -- Owned 184 --- Leased 1012

FYE 2013 - Kmart Discount stores -- Owned 183 --- Leased 952

FYE 2014 - Kmart Discount stores -- Owned 175 --- Leased 793

FYE 2015 - Kmart Discount stores -- Owned 97 --- Leased 844

FYE 2016 - Kmart Discount stores -- Owned 67 --- Leased 668

5 year basis

Owned closings --- 63.6%

Leased closings --- 34.0%

12 year basis

Owned closings --- 50%

Leased closings --- 45.6%

FYE 2006 - Sears Specialty stores -- Owned 44 --- Leased 275

FYE 2012 - Sears Specialty stores -- Owned 26 --- Leased 28

FYE 2013 - Sears Specialty stores -- Owned 25 --- Leased 25

FYE 2014 - Sears Specialty stores -- Owned 22 --- Leased 7

FYE 2015 - Sears Specialty stores -- Owned 20 --- Leased 6

FYE 2016 - Sears Specialty stores -- Owned 20 --- Leased 5

5 year basis

Owned closings ---23.1%

Leased closings --- 82.1%

12 year basis

Owned closings --- 54.5%

Leased closings --- 98.2%

by | Post ID:
595 views | 2 replies (last )
Comment! It's anonymous! Reply to this post anonymously by submitting the form near the bottom of the page!

2 replies (most recent on top)

So basically, on track to have closed at least half the stores that were open in 2006 by the end of 2017.

Square footage would be an interesting number for sure since essentially all the Super-K's have closed and at least a few Sears formats have given up space to other retailers. Wouldn't be surprised to see that number somewhere around 2/3 lower today than in 2006.

by | Post ID:

Wow....how do you have time to pull this all together?

by | Post ID:

Post a reply

:

Related pages


verizon benefits connectionfaisal masud staplescabelas in maine closingmerck merger rumorsuniv of the rockiesneiman marcus employeejourneys florida mall orlandounited rental okcwalgreens store manager listglobecomm stockfreeport arizonawireline communicationsnbty garden grove cawyotech long beachradio shack broomfieldfrys storesat&t jobs in charlotte ncconmed linvatec corpverizon communications locationsdlr architectsverizon assistant manager salarynordstrom locations in georgiawholefookroger jobs cincinnatiwho is the ceo of wipro at presentbetances clinicaetna tickerruby tuesday jacksonvillecerner corporation stockruby tuesday watertown nyraytheon layoffsnordstroms in walnut creektarget corp layoffsesi tampa5 prime therapeuticsfmc technologies layoffswells fargo layoffmcdonald's corporate jobsnrtw orgruby tuesday columbia mdadt acquisitionwww.ecmc.commckesson atlanta office88sears.com loginarm fulbournwells fargo bank st louisnader homespg&e tickerverizon assistant manager salaryedwin shaw rehab instituteuop phoenixkimraycompany lay offcanada isdanalog devices limerickkmart replacement planwhole foods scamst john hospital westlakeruby tuesdays palm cityptc pharmamurphy oil company ltdtrugasworking at rgisitt technical institute indianapolisaera energy services companysabre layoffschevron jobs san ramonheartland payment systems stock quotemylan pharmaceuticals jobs morgantown wvl3 greenville jobsaxial corporationlinn energy company