Los Altos Sears closure announced

 

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 21^st 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.

The Sears building was originally the Long Beach Broadway