The Sears store in Cary, one of the anchor tenants at Cary Towne Center mall, will close in January, Sears Holdings said Thursday.
A liquidation sale will start Oct. 31 and the store will shut its doors by mid-January, Howard Riefs, the director of corporate communications for Sears Holdings, said in an email.
The store’s 66 employees may apply for open positions at other Sears and Kmart stores. Eligible employees will receive severance packages.
“Store closures are part of a series of actions we’re taking to reduce on-going expenses, adjust our asset base, and accelerate the transformation of our business model,” Riefs said.
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The Hoffman Estates, Ill.-based department store chain has suffered major losses for years, closing stores and selling off assets to stay afloat.