The parent company of Sears and Kmart announced Thursday that it is closing 46 unprofitable stores, including the location at Cumberland Mall.
In all, 13 Kmart stores and 33 Sears outposts will close. Liquidation sales start Aug. 30, and the shutdowns will come in November.
Georgia’s other two stores going away are the location in Savannah’s Oglethorpe Mall and the store in Brunswick’s Colonial Mall.
The one-time retail powerhouse said in a corporate statement that eligible employees will get a severance and can apply for open positions at other Kmart and Sears stores.
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In January, Sears said it was closing 100 stores. It announced in May closures of another 100. In that announcement, The Atlanta Journal-Constitution reported that the stores at Northlake Mall in DeKalb, Gwinnett Place Mall in Duluth and Southlake Mall in Morrow would close.
As of May 5, it had about 894 stores, down from about 1,000 at the end of last year, according to the Associated Press. Sears merged with Kmart in 2005.
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Sears Holding Corp. Closing 46 Kmart And Sears Stores