White Plains, NY
Business
Nearly 200 Sears, Kmart Workers In Area Will Lose Jobs Following Bankruptcy Declaration Nearly 200 Sears, Kmart Workers In Area Will Lose Jobs Following Bankruptcy Declaration
Nearly 200 Sears, Kmart Workers In Area Will Lose Jobs Following Bankruptcy Declaration Nearly 200 Sears and Kmart employees will lose their jobs following the official filing for bankruptcy by Sears Holdings. Last week, Sears announced that it would be closing another 142 unprofitable Sears and Kmart locations, including several in the area. Those closures will reportedly impact According to the Worker Adjustment and Retraining Notification filed on Oct. 15, 42 employees at Kmart on Route 6 in Mahopac would be let go; 55 employees at Sears in the Jefferson Valley Mall would face termination; 76 employees at the Sears at The Shops in Nanuet; and 12 at Sears on Route 59 in Nanu…

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by Zak Failla
Greenwich, CT
Business
Updated Sears/Kmart Closure List: Several Stores In Area Among 142 To Close Updated Sears/Kmart Closure List: Several Stores In Area Among 142 To Close
Updated Sears/Kmart Closure List: Several Stores In Area Among 142 To Close Sears, once the world's largest retailer, has now officially filed for bankruptcy, while announcing plans to close another 142 unprofitable Sears and Kmart stores, including several in the area. The Sears closures include two in the Hudson Valley: at 75 West Route 59 in Nanuet and at 600 Lee Boulevard in Yorktown. Two Sears stores in Connecticut are closing: at 1201 Boston Post Road in Milford (Lands' End) and 850 Hartford Turnpike in Waterford (Lands' End). Among stores closing are five Kmarts in New York, including the Kmart at 987 Route 6 in Mahopac. No Kmart closures in Connecticut are…

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by Joe Lombardi
Greenwich, CT
Business
Sears Files For Bankruptcy, Will Close 142 Stores Sears Files For Bankruptcy, Will Close 142 Stores
Sears Files For Bankruptcy, Will Close 142 Stores This story has been updated. Sears, once the world's largest retailer, has now officially filed for bankruptcy, while announcing plans to close another 142 unprofitable Sears and Kmart stores, including several in the area. The Sears closures include two in the Hudson Valley: at 75 West Route 59 in Nanuet and at 600 Lee Boulevard in Yorktown. Two Sears stores in Connecticut are closing: at 1201 Boston Post Road in Milford (Lands' End) and 850 Hartford Turnpike in Waterford (Lands' End). Among stores closing are five Kmarts in New York, including the Kmart at 987 Route 6 in Mahopac. No Kma…

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by Joe Lombardi
Greenwich, CT
Business
Sears On Brink Of Bankruptcy, Report Says Sears On Brink Of Bankruptcy, Report Says
Sears On Brink Of Bankruptcy, Report Says After years of store closures, Sears, once the world's largest retailer, could be just days away from facing bankruptcy. The 125-year-old company, which has not turned a profit since 2010, has approached several banks to prepare for a bankruptcy filing, according to CNBC. Sears has a $134 million debt payment due Monday that it previously reported it cannot cover, the report said. Eddie Lampert, a hedge-fund manager who took over as Sears CEO in 2013, said in late September that despite changes in the way it does business, the future looked bleak for the once vibrant company. “The journey…

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by Joe Lombardi
Shelton, CT
Police & Fire
Accused Shoplifter Eats Counterfeit Bill While Being Questioned, Police Say Accused Shoplifter Eats Counterfeit Bill While Being Questioned, Police Say
Accused Shoplifter Eats Counterfeit Bill While Being Questioned, Police Say A man took an interesting approach to destroying evidence when he was caught with counterfeit money: he ate it. Police investigators in Milford were alerted by a loss prevention agent at Sears on Boston Post Road of a shoplifter who had been taken into custody shortly after noon on Tuesday.  The investigation into the alleged shoplifting incident found that New Haven resident Mizraim Diaz-Rivera, 42, was allegedly attempting to steal more than $120 in merchandise, possibly with a counterfeit $20 bill. While he was being detained, police said that Diaz-Rivera realized that the counterfeit b…

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by Zak Failla
Mount Pleasant, NY
Business
Full List Of New Round Of Sears, Kmart Closures Announced Full List Of New Round Of Sears, Kmart Closures Announced
Full List Of New Round Of Sears, Kmart Closures Announced Sears Holdings Corp., which owns Sears and Kmart, has announced the exact locations in a round of store closures as sales continue to decline. The company said in an earnings statement Thursday it plans to close 63 of about 100 nonprofitable stores. Sears Holdings initially announced plans to close 72 stores, but later in the day adjusted that number to 63 stores: 48 Sears stores and 15 Kmart stores. Nine additional stores that it initially planned to announce would close will be evaluated further. There are 529 Sears stores and 365 Kmart stores in the U.S. The list of the Sears and Kmart…

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by Joe Lombardi
Bergenfield, NJ
Business
Clifton Kmart Named In Sears' New Round Of Closures Clifton Kmart Named In Sears' New Round Of Closures
Clifton Kmart Named In Sears' New Round Of Closures Sears Holdings Corp., which owns Sears and Kmart, has announced the exact locations in a round of store closures as sales continue to decline. The company said in an earnings statement Thursday it plans to close 63 of about 100 nonprofitable stores. New Jersey will be losing stores in Burlington, Lawrenceville and Ocean, along with a Kmart in Passaic. Sears Holdings initially announced plans to close 72 stores, but later in the day adjusted that number to 63 stores: 48 Sears stores and 15 Kmart stores. Nine additional stores that it initially planned to announce would close will be evaluat…

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by Joe Lombardi
Paramus, NJ
Business
This Is Sears' Last Weekend Ever In Paramus Park Mall This Is Sears' Last Weekend Ever In Paramus Park Mall
This Is Sears' Last Weekend Ever In Paramus Park Mall PARAMUS, N.J. -- Saturday will be Sears' final day before shuttering at the Paramus Park Mall more than four decades after opening. There is a major sale on exercise equipment and home appliances, its website says. The bottom store will be replaced by a Stew Leonard's supermarket and the top a 12-screen movie theater. The Sears store opened in August 1974, five months after the mall did.

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by Cecilia Levine