3 More Pittsburgh Area K-Marts Closing As Sears Files For Bankruptcy

Shaler, New Kensington, and Pleasant Hills locations will close by the end of the year

Melinda Roeder
October 15, 2018 - 4:09 pm

© Chris Crook-USA TODAY Sports

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PITTSBURGH (Newsradio 1020 KDKA) - Three local K-Mart stores – in Shaler, New Kensington, and Pleasant Hills - will close by the end of the year.  The latest closures are part of a plan by Sears Corporation to reorganize its debt. 

Sears has filed for Chapter 11 Bankruptcy and announced it would shutter a total of 142 additional Sears and K-Mart stores nationwide. 

The latest move comes as no surprise to business and retail analysts.  Dr. Kelly Moore, from Duquesne University’s School of Business, noted there have been several red flags in recent months.

“They’re just been selling off assets like crazy.  They’ve gotten rid of the Craftsman brand and also the Lands End brand more recently. They’re also been selling a lot of real estate,” says Moore.

In court filings, Sears executives say they hope to keep the brand afloat after emerging from Chapter 11, but Moore is skeptical.

“A lot of retail stores will say that they intend to stay in business after they file, but that often doesn’t happen. For instance, Toys ‘R Us said that as well.  So I think it’s unlikely.”

Moore says there are many reasons for the decline of the Sears brand.  They’re mostly located within shopping malls, which have struggled since the boon of e-commerce.

 The company hasn’t dedicated much money to improving stores and they’ve failed to develop a strong marketing strategy. 

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