Kmart closing Atascadero store

A Kmart department store in Springfield Va. Oct. 23 2014

A Kmart department store in Springfield Va. Oct. 23 2014

In the latest round of closures, Transformco is set to shutter 45 Kmart stores and 51 Sears locations in February, including the Sears store in Santa Maria.

A going-out-of-business sale is scheduled to begin December 2 at the West Orange store. "As part of this process, we have made the hard but necessary decision to streamline our operations and close 96 Sears and Kmart stores". The retailer of kitchen utensils and appliances plans to close all 160 of its stores by the end of the year.

The announcement is the most recent in a slew of closures over the past several years that have left cavernous vacancies in malls and towns across the state and country.

It was just announced the Kmart in Waterford will be closing its doors.

The stores are expected to close by February 2020.

Owner Transformco has secured $250 million in new capital as it battles to bring the veteran big-box chain and its sibling, Kmart, back from the brink.

These assets include logistics solutions firm Innovel, Sears Home Services, the Shop Your Way membership program, and its Kenmore and DieHard brands.

The Valley has a Sears Auto Center in Walnutport with a Kmart, according to an online store locator.

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