The Sears at Lakeshore Mall in Gainesville is set to close in late March, according to a statement from Sears Holdings.
The company said it told the employees of 80 Kmart and Sears stores Thursday, Dec. 27, of the upcoming closings.
“Liquidation sales at these stores are expected to begin in two weeks,” according to the Sears Holdings statement.
Gainesville’s Sears has been a longtime anchor at Lakeshore Mall off Pearl Nix Parkway and Dawsonville Highway.
For years, it was connected to the mall. That changed in 2013, when construction of Dick’s Sporting Goods created a gap between Dick’s and Sears and the rest of the mall.
Chicago-based Sears Holdings has said it is moving forward with “a series of actions to position the company to establish a sustainable capital structure, continue streamlining its operating model and grow profitably for the long term.”
“Our goal is to emerge as a member-centric company, reorganized around a smaller platform of profitable stores, with the capital needed to allow us to prosper in the future.”
Sears Holdings’ loyalty programs, including the Shop Your Way membership program, and the Sears and private-label credit card rewards programs, will continue, the retailer has said.