The Kmart in Manteca is among 49 slated to close, according to a list released internally by the chain’s parent company, Sears, and obtained by Business Insider.
The list also includes 16 Sears stores and seven auto centers. Most of the stores are expected to close in September.
According to Business Insider, the closings will bring Sears’ store count to about 1,200, down from 2,073 five years ago. The company already this year had announced more than 180 impending closures.
On the latest list, the only Sears store in California to close is in Chico. Two Kmarts – one in Blythe, the other in Sacramento – are listed.
The Kmarts at 1351 E. Hatch Road, Modesto, and 175 S. Maag Ave., Oakdale, are spared.
So are all area Sears locations: the Sears Hometown Store on Spreckels Avenue in Manteca, the Sears and its auto center on West Olive in Merced, the Sears and its auto center in Modesto’s Vintage Faire Mall and the Sears Appliance Outlet Store on Prescott Road, the Sears Hometown Store on Mono Way in Sonora, and the Sears Hometown Store on West Main in Turlock.
In March, Sears reported that after years of losing money, there was "substantial doubt" it would be able to keep its doors open. But it also insisted its actions to turn around its business should help reduce that risk, according to The Associated Press.
It was still a dramatic acknowledgment from the chain that owns Sears and Kmart stores, which has long held fast to its stance that a turnaround is possible, even as many of its shoppers have moved on to Wal-Mart, Target or Amazon.
Sears Holdings Corp. lost more than $2 billion last year, and its historical operating results indicated doubt about the future of the company that started in the 1880s as a mail-order catalog business.
The company has lost $10.4 billion since 2011, the last year that it made a profit, said The Associated Press.
Deke Farrow: 209-578-2327