Sears has only 22 stores left after the bankruptcy, including 1 in Mass.
In 2005, there were almost 3,500 Sears and Kmart stores across the United States. But that number has dropped to 22 Sears locations nationwide.
One of these stores is in Massachusetts.
It is located at South Shore Plaza in Braintree, which is at 250 Granite St., according to the website. It offers in-store pickup. Customers can also continue shopping on line and have their purchases delivered.
Three Sears locations in Massachusetts were closed in 2021, according to BroStocks. This included locations in Brockton, Marlborough and North Attleboro.
According fox businessthe bankruptcy estate reorganization plan came into effect on 29 october. This marked the end of Chapter 11 and the start of a liquidation process for its remaining assets, the outlet wrote.
The company first went bankrupt on October 11, 2018. At that time, there were still 700 stores open and it had 68,000 employees, according to Business Insider.
Then in 2019, the retailer sued its former CEO and board members, claiming they stole billions of dollars from the retailer, the outlet reported.
Since then, he has been shutting down sites.
- Read more: Holyoke seeks to reuse closed Kmart Plaza
However, a former Kmart in Holyoke that has been vacant since 2020 may have a new use after city officials tour the Northampton Street site in August.
“We believe things like a sports complex could work well there. But we also have to think that residential could work,” said Aaron Vega, director of planning and economic development for the city. “It could be an interesting residential location, the conveniences of this place, a grocery store. It’s right next to a highway.