Two Sears and two Kmarts are closing in the Granite State early next year, their parent company announced Thursday.
The Sears stores at the Steeplegate Mall in Concord and Pheasant Lane Mall in Nashua and the Kmarts in Hooksett and Salem will close in February 2020.
“Since purchasing substantially all the assets of Sears Holdings Corporation in February 2019, Transformco has faced a difficult retail environment and other challenges,” a news release from the company reads.
The company will close 51 Sears and 45 Kmart stores nationwide. Going-out-of-business sales at these stores are expected to begin on Dec. 2, according to the news release. After the closings, 182 stores will remain.
The closings come as its owners, along with a third-party investor, have provided the company approximately $250 million in new capital. The company has offered all eligible associates the same number of weeks of severance given to employees of Sears Holdings Corporation prior to October 2018.
A manager at the Hooksett Kmart declined comment on Wednesday about a possible closing and referred all questions to corporate officials. The store remained full of stock and featured “now hiring” signs on the front door and throughout the building.
Last year, three Sears stores in New Hampshire — at the Mall of New Hampshire in Manchester, the Mall at Rockingham Park in Salem and The Mall at Fox Run in Newington — were among 46 closed across the country.
The Manchester location is being filled with a Dick’s Sporting Goods and Dave & Buster’s. Dick’s opened last week.
“We have been working hard to position Transformco for success by focusing on our competitive strengths and pruning operations that have struggled due to increased competition and other factors,” the release reads.