CLARKSVILLE — The Sears Auto Center in Clarksville’s Green Tree Mall is the latest casualty in the retail company’s closing blitz.
The center will close in late May, but the rest of the mall's Sears store will remain open, confirmed Sears spokesman Howard Riefs in an email.
Riefs did not reveal how many employees will be affected by the closing, but said that “eligible” associates will receive a severance and have the opportunity to apply for positions at other Sears and Kmart stores.
Sears Holdings Corp. announced on April 21 that it would be closing 50 underperforming Sears Auto Centers and 92 Kmart pharmacies in attempt to bring its annualized cost savings to $1.25 billion from $1 billion.
The company previously said in January that it would be shutting down 108 Kmart stores and 42 Sears stores. Business Insider reported that Sears Holdings quietly started closing additional stores in April.
The company owes $4.2 billion and has said in its annual report to investors that it has “substantial doubts” that it will survive.
The New Albany Kmart closed in 2016, Jeffersonville's announced it was closing in 2009 and Clarksville's did the same in 2008, according to News and Tribune archives.
Clarksville's Sears Auto Center is the second major brick-and-mortar retailer to announce that its closing in Clarksville in 2017. The HHGregg location at River Falls Mall is also going out of business after the electronics retailer filed for Chapter 11 bankruptcy in March and failed to find a buyer.
The only other Sears Auto Center closing in Indiana is in Terre Haute.