Business & Finance

Sears Set to Close Watchung Store, According to Published Reports

4f82e1197a212634a9ce_DSC_0932.JPG
Sears Watchung is among the stores that the retailing giant will soon close. Credits: Sean Conklin
90a8be305eac6d5ba0d8_Sears_mural_Watchung.jpg
"Legend of Watchung" mural inside the Sears store on U.S. Route 22 East in Watchung. Credits: B. Nemcek
4f82e1197a212634a9ce_DSC_0932.JPG

WATCHUNG, NJ -- Struggling retailer Sears, which announced in January that it would close 150 non-profitable stores (108 Kmart and 42 Sears locations), to stem its mounting losses, is set to close the iconic Watchung store at Terrill Road on U.S. Route 22 East, according to a report by Business Insider. The company has not yet issued a press release on the latest round of store closings.

The Business Insider report, based on an internal company memo, stated that most of the stores are expected to shut in September, although no formal date was given for the Watchung store's closing.

In May, Seritage Growth Properties, which leases 224 wholly-owned properties to Sears Holdings, went before the Watchung Planning Board to discuss redevelopment of the property. Among the issues was the fate of the building's famed 16-by-10-foot "Legend of Watchung" mural on its main level.

Sign Up for E-News

Sears, once a powerful retailing giant, had 3,500 stores in its chain in 2010. The continued closures of unprofitable stores have dwindled the number to roughly 1,200 nationwide. 

"We are taking strong, decisive actions today to stabilize the company and improve our financial flexibility in what remains a challenging retail environment," said Edward S. Lampert, Chairman & CEO of Sears Holdings, when he announced store closings in January. 

"Going forward, Sears will be more focused on our Shop Your Way membership platform, a network with tens of millions of active members, and our Integrated Retail strategy in order to be a more nimble, innovative and relevant retailer that is better able to provide value and convenience to our customers," Mr. Lampert continued.

The Sears chain of department stores was founded by Richard Warren Sears and Alvah Curtis Roebuck in 1886. It started as a mail ordering catalog company specializing in the sale of watches. The company expanded its offerings, and in 1888 introduced the famed Sears Catalog, which eventually grew to over 500 pages from which customers could buy goods by mail order. Sears Roebuck began opening retail locations in 1925 in both rural and urban America. By the 1990s, the company eliminated its catalog sales, which had become unprofitable as internet shopping gained in popularity.

TAP Into Another Town's News:

You May Also Be Interested In

Sign Up for E-News

Plainfield

Upcoming Events

Fri, February 23, 8:30 AM

Honor Ridge Academy, Clark

Workshop for Parents & Educators: Reducing ...

Education Giving Back

Carousel_image_c70953d894be29a344d3_best_b59229b3972266545812_magnet_fundraising_auction_2018_flyer_0219

Fri, February 23, 6:30 PM

Union County Vocational Technical Schools, West Hall Cafeteria, Scotch Plains

Union County Magnet High School Silent Auction

Arts & Entertainment Food & Drink Giving Back

Carousel_image_0c8803896cbb8d6cdca4_black_love_matters__2018

Fri, February 23, 7:00 PM

First Unitarian Society of Plainfield, Plainfield

Black Love Matters: A Celebration of Love!

Health & Wellness

Caregiver Conference Sunday, February 25th

February 22, 2018

Caregiver Conference

 to take place Sunday, February 25 at JFSCNJ

“Caring for A Loved One While Being Mindful of Your Own Needs”

Jennifer L. Rutberg, MSW, Guest Speaker

Jewish Family Service of Central NJ, (JFSCNJ) a non-sectarian health and social service agency, will be hosting a Caregiver Conference called, “Caring for a Loved One While Being Mindful of Your ...

The Definition of Insanity

February 21, 2018

There is a quote, attributed to various people, including Albert Einstein that states, “the definition of insanity is doing the same thing over and over again and expecting a different result”, that is fitting for our current election for Union County Democratic Committee (UCDC) chair.

There is no shortage of polling data related to the functioning of our Federal, State and Local ...

Cops Called for Two People Shouting Racial Slurs During ‘Black Panther’ in Sparta

February 21, 2018

SPARTA, NJ – Sparta police were called to the New Vision Sparta Theater on Sunday night after a drunken woman and her boyfriend interrupted a screening of the movie “Black Panther” by shouting racial slurs, according to a witness and police.

Former New Jersey Assembly candidate Michael Grace was in the theater when two people started yelling racial slurs including ...

Plainfield ofrece vacunas gratuitas para personas sin seguro o con seguro insuficiente

February 21, 2018

PLAINFIELD, NJ - La Ciudad de Plainfield ofrece vacunas gratuitas para quienes no tienen seguro o están asegurados.

El programa está patrocinado por el Departamento de Salud de Nueva Jersey y el Programa de Vacunas para Niños (VFC). Las vacunas están disponibles los martes de 1 a 5 p.m. y los jueves de 9 a.m. a 1 p.m. en el Edificio Anexo del Ayuntamiento, 510 ...

¡HOPES CAP, Inc. Ofrece Preparacion de Impuestos GRATIS en su Communidad!

PLAINFIELD, NJ - ¡HOPES CAP, Inc. Ofrece Preparacion de Impuestos GRATIS en su Communidad!

Los servicios estarán disponible en los siguientes lugares:

 

 

 

 

 

 

 

Habrá disponible ayuda con la aplicación para números de ITIN y también habrá Auto
Preparación de ...

How to Talk with Kids About the Florida Shooting

February 15, 2018

The tragedy of the Florida school shooting is devastating, leaving 17 killed and 15 injured. Our children can easily identify with what occurred yesterday. It will be the topic of conversation today in schools everywhere. School administrators are doing all they can to provide support and guidance. The shootings affect children, teachers, and school personnel. The school shooting ...

Rapps Pharmacy: What You Need To Know About The Flu

There seems to be no end in sight for the current flu season which has touched every part of the country, and right here in New Jersey.  Rapps Pharmacy, an independent, full service, and locally owned Plainfield neighborhood pharmacy, offers these tips:  

As influenza virus activity increases and is likely to continue circulating for upcoming weeks, the Centers for Disease Control ...

'What Stays' exposes family secrets and lies

‘What Stays’ exposes family secrets, resentment and lies

By Liz Keill

SUMMIT, NJ – In an original play by Laura Ekstrand and Jason Szamreta, the Dreamcatcher Repertory Theatre has provided an enlightening, funny and heart-felt view of family foibles.

Ekstrand has said that the germ of the play came from conversations with the ensemble members of the troupe, based on ...

Prayers the Devil Answers by Sharyn McCrumb

Prayers the Devil Answers by Sharyn McCrumb (Altria, 2015)

 

Years later, after the tragedy, someone remembered the Dumb Supper and what had happened there. That was the cause of it, they said, because the ritual wasn't a game after all. It really was magic, but magic has rules, and she broke them. Even when they call it a 'senseless tragedy,' people always try to find a ...

Super Carb Diet by Bob Harper

Super Carb Diet by Bob Harper with Danny Pellegrino (St. Martin's Press, 2017)

It's hard to go on a serious diet, one on which you expect to be successful and maintain a loss. Fortunately, in his new book Super Carb Diet, Bob Harper has given the weight watching world a sensible new diet plan to help achieve a healthy weight.

Harper, host of NBC's popular show The Biggest Loser, ...

Two Nights by Kathy Reichs

Two Nights by Kathy Reichs (Bantom,2017)

How does a writer of a beloved series like Harry Potter or Temperance Brennan break out of their readers' expectations and try something new? For J.K. Rowlings it was the novels penned under the pseudonym Robert Galbraith; books about a maimed and very flawed private detective with the unlikely name of Cormoran Strike. For Kathy Reichs, it is the ...

Drama by Raina Telgemeir

Drama by Raina Telgemeier (Scholastic, 2012) (target audience, Young Adults)

 

When my daughter, Shauna, was six years old, we took her to see her first Broadway production; a revival of The Wiz starring Stephanie Mills. I knew that it was the last time Mills could get away with playing Dorothy, and I impressed upon Shauna that seeing this show was a special moment in her life. As a ...

The Last Tudor by Philippa Gregory

The Last Tudor by Philippa Gregory (Touchstone, 2017)

Yesterday my cousin, the daughter of my mother's sister, called me from California where she lives, and hit me up for money. This is not the first time she has asked me for money, and not the last, I am sure. She grew up the daughter of a privileged family and cruised to Europe frequently when she was a child. Her wardrobe came from ...

The Unquiet Grave by Sharyn McCrumb

The Unquiet Grave by Sharyn McCrumb (Atria Books, 2017)

 

Sharyn McCrumb is, quite simply, an American gem, and one of my favorite authors. From her books set in Appalachia with strange characters who remind us of our pioneer past, to St. Dale, a masterpiece about the legendary car racer, Dale Earnhardt in McCrumb's NASCAR series, McCrumb's poetic language and attention to ...