St. Paul Sears slated to close

Troubled location has a long history in the capital city

Steve Simpson
October 15, 2018 - 11:02 am
The Sears in St.Paul

Entercom


A longtime Twin Cities Sears store is among those targeted to close as part of their bankruptcy filing.

The 187 thousand square foot St. Paul store on Rice Street is far from its heyday when it opened over 50 years ago in 1963. 

It is now one of 142 unprofitable stores that the company plans to shutter as part of its bankruptcy reorganization.

Also on the list is the Lands' End store on Wayzata Blvd. in Ridgedale.

All four remaining Kmart stores in the state are slated to remain open for the time being.

The company, inundated by debt and falling sales, said Monday that it would begin liquidation sales and close the targeted stores before the end of the year.

Hedge fund ESL, run by former Sears CEO Edward S. Lampert, is backing the retailer's bankruptcy filing.

Sears was once the largest retailer in the country and was founded by R.W. Sears who was born and raised in Minnesota and began selling watches in Minneapolis by mail order in 1886. He met Alvah Roebuck, a watch repairman about a year later.

Both moved to Chicago in 1893 to form Sears Roebuck which remained a mail order company for over three decades.

Their first "brick and mortar" store opened in Chicago in 1925.

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