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:

Sign Up for E-News

Warren

Bee Day at Hanson Park!!

May 20, 2018

Please join the Hanson Park Conservancy on Saturday, June 23rd for Bee Day at Hanson Park!  At 2:00 PM Grant Stiles from Stiles Honey will be sharing his knowledge of bees with his presentation, “Fundamentals of Beekeeping and the Importance of Honey Bees in Our Society.”  Bring your blankets and chairs and enjoy the beautiful surroundings as Mr. Stiles answers all of your ...

Golf Outing On May 26 Benefits Retired Racehorses

MILLSTONE TOWNSHIP, N.J. —May 29, will mark Standardbred Retirement Foundation's (SRF) 26th Annual Charity Golf Outing being held at the beautiful Battleground Country Club in Manalapan, N.J.

This much anticipated event is held in conjunction with SRF's online auction which will open for bidding beginning Friday, May 25 and end at 7 p.m. on  Thursday, June 7. The outing ...

Upcoming Events

Carousel_image_67c8ffc06fa8f1db5cd0_22b088bd-9913-4530-ad3b-981f9ad2ba55

Sat, May 26, 11:00 AM

Home For Good Dog Recue, Berkeley Heights,

Dog Adoption

Other

Wed, June 6, 10:00 AM

Summit Free Public Library, Summit

Workshop on New Jersey Sales Tax for business ...

Business & Finance Education

Obituaries

Jul 28, 1955 - Feb 8, 2018
Owner/Chef of Jaret’s Stuffed Cupcakes  Beloved Husband, Father, Brother and ...
Read more

Memorial Day Weekend Travels Kick off Summer 2018 in the Long Beach Island Region

May 25, 2018

LONG BEACH ISLAND, NJ - With much anticipation for warmer weather, longer days and salty seas, visitors flock back each year to the Long Beach Island Region to enjoy the many pleasures this resort area brings.

The Southern Ocean County Chamber of Commerce operates a fully staffed visitor center, who always sees demand for customer inquiries rise either through their digital platforms, ...

Belmar Mayor Grants ‘Larry the Lobster’ His Freedom to Kick Off New Jersey Seafood Festival

BELMAR, NJ — Belmar Mayor Brian Magovern wasn’t going to let the rough ocean surf and high winds get in his way yesterday of pardoning “Larry the Lobster” to begin the New Jersey Seafood Festival.

Instead, Magovern moved the May 18 event from the Fifth Avenue beach to the quieter waters of the Shark River Inlet. Accompanied by a small group of borough officials and ...

Food to Travel For - Two Jersey Shore Dining Hot Spots in National Limelight for Specialty Eats

BELMAR, NJ — Two Belmar specialty eateries have made the national food-hopping map. Coney Waffle Ice Cream and Sweet Shop on Ocean Avenue and Hoagitos in Belmar Plaza are featured this month on television shows touting what makes them stand out from the rest.

The over-the-top ice cream creations of Coney Waffle are in the spotlight in Viceland’s “The Ice Cream Show” in ...

WHRHS Baseball: Roxbury Baseball Powers Past Watchung Hills

May 19, 2018

ROXBURY, NJ – The Roxbury High School baseball team won its 14th game on Friday, rolling over Watchung Hills 9-1 at home.

Offensively, Roxbury did its damage early, scoring twice in the second inning and then five more times in the third to take an early 7-0 lead.

Roxbury’s Will Findlay had two hits and Donovan Brady, Andy Axelson and Brian Dachowski all had base hits. In ...

WHRHS Boys Lacrosse: Bridgewater Upsets Watchung Hills in OT for SCT Title

BRIDGEWATER, NJ - So close. The Watchung Hills boys lacrosse team fell to Bridgewater-Raritan, in overtime, as the Panthers won a fourth-straight Somerset County Tournament title on Saturday, 5-4, at the Torpey Athletic Complex.

Watchung Hills took an early 3-0 lead in the first quarter with goals from Gavin DeFuria, Connor James, and Joe Rica. 

The last game the ...

Somerville Suspect Charged with Armed Robbery of Gaston Avenue Store

May 25, 2018

SOMERVILLE, NJ – A 22-year-old borough resident has been charged with armed robbery at a convenience store on Gaston Avenue, accoeding to Somerset County Prosecutor Michael H. Robertson..

Jake Sommers, 22, of Eastern Avenue is lodged in the Somerset County Jail and faces charges of first degree robbery and third degree possession of a weapon for an unlawful purpose.

Robertson provided ...

DiGanci Named Interim Principal in Watchung, Meet and Greet Scheduled

 

WATCHUNG, NJ - Dr. Thomas DiGanci has taken over the helm of Bayberry School in Watchung and a meet and greet has been scheduled for Wednesday, May 23 at 9:30 a.m. 

DiGanci is a former principal of both Valley View School and Watchung Hills Regional High School. He will serve as interim principal at Bayberry School through the end of the school year.

The next ...

Hillsborough Man Sentenced for Bribing Doctors in $100M Test Referral Scheme

NEWARK, NJ – Five individuals including a Hillsborough resident  were sentenced Friday for bribing doctors in exchange for test referrals as part of a long-running and elaborate scheme operated by Biodiagnostic Laboratory Services LLC (BLS), of Parsippany, its president and numerous associates, U.S. Attorney Craig Carpenito announced.

Doug Hurley, 38, of Hillsborough and Kevin ...

North Plainfield Middle School Hosts Holocaust and Genocide Open House

NORTH  PLAINFIELD, NJ - All are invited to the 2018 North Plainfield Middle School Holocaust/Genocide Open House on Thursday, May 17 at 6 p.m. Students and staff will be on hand to serve as docents for a unique exhibit.

It is a museum in a school, created by the school, constructed by the school and for everyone in the community. featuring  over 400 posters, memorabilia and artifacts ...

Memorial Day Weekend Travels Kick off Summer 2018 in the Long Beach Island Region

May 25, 2018

LONG BEACH ISLAND, NJ - With much anticipation for warmer weather, longer days and salty seas, visitors flock back each year to the Long Beach Island Region to enjoy the many pleasures this resort area brings.

The Southern Ocean County Chamber of Commerce operates a fully staffed visitor center, who always sees demand for customer inquiries rise either through their digital platforms, ...

Podcast: The Royal Wedding Through the Eyes of a Brit

In our May 18 podcast, Giles Bootheway, a British citizen who teaches at St. Bonaventure University, shares his thoughts on the Royal Wedding with TAPinto Greater Olean Co-editor Richard Lee.

PLAY

Sign Up for E-News to get top stories delivered daily to your inbox. 

Download the FREE TAPinto App!  Click here for Android - Click here for iOS to get ...

Charity Golf Tournament to Benefit Parkland Cares and the Jason Taylor Reading Room, May 17 -Travels Charity Spotlight -

PARKLAND, FL - Parkland Cares will hold a Charity Golf Tournament on Thursday, May 17 at Parkland Golf & Country Club, with 100% of the proceeds going to the Jason Taylor Reading Room and Parkland Cares.  The event is presented by Steven Douglas and former NFL player and Hall of Famer Jason Taylor will be in attendance.

Howard Dvorkin, CPA, is chairman of Debt.com and a 30-year ...

'Turning Off the Morning News' brings comic twist

‘Turning Off the Morning News’ tackles today’s issues with a comic twist

By Liz Keill

PRINCETON, N J – Despite the late night comics, no one quite captures the insanity of the political/social status world like Christopher Durang.

His latest play, “Turning off the Morning News” hit the ground running.  John Pankow as Jimmy addresses the audience, ...

'To Kill a Mockingbird' Sustains Timeless Appeal

SUMMIT, NJ – The Summit Playhouse provides a stellar production of a much loved classic, “To Kill a Mockingbird.”

The Harper Lee novel, later a Gregory Peck film and now a stage production, retains all the warmth, intensity and integrity that made it such an appealing hit in the 1960s. And there will be a new production on Broadway in December with a script by Aaron Sorkin ...