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Los Altos Center's retail prime in the 1990's |
Los Altos Village Sears closure
announced
Transformco
added the Los Altos Village Sears to the original list of 18 store closings issued in
January of this year.
The
Long Beach Sears was one of five stores added today February 15, 2021 to the
January list. The Long Beach Kmart was on the original list and is currently in the process of liquidating its stock. The Long Beach Kmart store currently appears on the SB360 company website. SB360 is contracted to conduct the store liquidations.
Transformco
the holding company that acquired the Sears and Kmart assets during the 2018-2019 bankruptcy. Then Sears
CEO Eddie Lampert formed Transformco to
bid on the assets stating that the new company would re-invent the iconic merchandiser
in a new 21st Century version.
Since acquiring the asset, Transformco has sold major brand assets
including Craftsman, Kenmore and Diehard as well as selling off the real estate
of the retail locations that are owned.
The
Long Beach Sears will join four other California Sears closures that were
announced in January: Clovis, Los Angeles, Orange and Sacramento. The Long Beach and Big Bear Kmarts were the
two California stores on the January list.
The
Long Beach Kmart store closure located in the 5th District's Los Altos Gateway Center was originally announced on local social media
when employees learned about the closing and their families posted the store was closing.
Many
times new Transformco store closures are discovered from the company's employment
page that announces jobs for store closures.
As of the posting the Long Beach Kmart has listings for store closing cashers.