Sears and Kmart will close more stores, but not everything is lost

Retail is one of the sectors that most chiaroscuros has manifested in the current global context, there are brands that have won despite the difficult panorama, but others have seen their worst fate; one that seems to be still on the plunge with no possibility of rescue is Sears.

Two years after he declared his bankruptcy to undertake a restructuring process to reactivate its value chain, the firm again faces a major challenge in order to maintain its business.

Más cierre de tiendas

This time these are several shops in Searsque have fought over the last two years to recover the land they once had in the retail sector, as well as various establishments in Kmart.

According to a report by Business insider, the plan of transform SR Brands LLC, the company that owns both brands, considers warehouses located in California, Illinois, New Jersey, Ohio and Texas, as well as Kmart stores in California, North Dakota, Minnesota, New Hampshire and Pennsylvania.

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While the owners have not made an official pronouncement, this report gives strength to what CNBC published this Wednesday, the media reports that the company owned by Eddie Lampert's ESL Investments hedge fund in Greenwich, Connecticut is exploring a sale of its home improvement business due.

In this case it is Sears Home Services, a division considered one of the few jewels of the retailer's crown, the movement is considered due to the interest of possible suitors as private capital firms.

According to media information, Transformco could raise at least $1 billion from this operation, although they also propose the option that only a part of the brand be sold to maintain control, but somehow it could receive capital.

El difícil camino del retail

Without a doubt, the retail sector is experiencing complicated times, a recent GlobalData report reveals that global spending in the retail industry will fall by 3 percent during 2020, equivalent to approximately $549 billion.

While there are cases that are saved such as Walmart, Nike and even Amazon, the reality is that all firms in the sector must be attentive to the possible havoc.

Faced with this scenario, it is projected that several retailers will close more than 9,300 stores this year in the United States alone.

Con esto, se agravará la situación que ya era visible en el sector. La empresa inmobiliaria Cushman & Wakefield estimó el año pasado, antes de la pandemia de coronavirus, que hasta 12, mil grandes cadenas de tiendas podrían cerrar en 2020.