ORANGE PARK – Sears, the last Jacksonville-area department store and cornerstone of the Orange Park Mall for the past 45 years, soon will be closing its doors.
While the giant chain hasn’t announced its intentions to leave Northeast Florida, the giant banner at the store’s entrance reads “Store Closing.”
The closing is another step for the one-time leading retailer to shutter 30 additional stores across the country.
Transformco bought Sears and Kmart in bankruptcy a year ago and it immediately closed 96 stores. The privately held investment hedge fund company was formed last year to buy Sears assets.
Sears filed for bankruptcy in 2018 after it claimed it had $6.9 billion in assets and $11.3 billion in liabilities.
When Sears and Kmart merged in 2005, they combined to own more than 3,500 stores. With another 30 now being trimmed, the chain is down to about 150.
The Orange Park store measures 189,796 square feet. The two-level store is one of four anchor department store anchors, joining JCPenney, Dillard’s and Belk.