Sears to close at Valencia Town Center

By Steve Kiggins

Last update: Thursday, January 4th, 2018

The seemingly inevitable is official: Sears is going out of business at the Valencia Town Center.

Sears Holdings, the ailing parent company of Sears and Kmart that shuttered hundreds of stores last year as part of ongoing efforts to stabilize its finances amidst heavy sales losses, announced Thursday that it would close 103 additional stores this year.

The Santa Clarita location, one of the mall’s anchors along with Macy’s and JCPenney, will be among 39 Sears to close between March and April as Sears Holdings continues to “close some unprofitable stores as we transform our business model so that our physical store footprint and our digital capabilities match the needs and preferences of our members,” the company said in a statement.

The Sears closure will come less than a year after the Santa Clarita Valley lost its Kmart in a previous round of cost-cutting measures. Another 64 Kmart stores will be closed this year, including Arroyo Grande, Cudahy, Ontario, Redding and Taft in California.

The immediate response on The Signal’s Facebook page to Sears’ demise was mostly unsurprise.

“I saw that coming from a mile away,” Albert Jiminez wrote.

“Knew it was coming, just don’t know why they expanded the mattress dept and got rid of electronics,” Mary Gomes-Switzler wrote.

Another poster, Leo Gomez Montiel, predicted a future closing at the town center.

“JC Penney is next, mark my words. These stores are stuck in the 90s. They failed to keep up with the times,” he commented.

Five other California cities will also lose Sears stores this year: Brea, Hanford, San Jose, San Rafael and Westminster.

Liquidation sales will begin as early as Jan. 12 at closing stores, Sears Holdings announced.

A once vibrant piece of Americana, Sears has plummeted in recent years with the rise of Amazon and other e-commerce. Sears stock closed down nearly 5 percent, at a measly $3.58, following Thursday’s news. Sears shares dropped 61 percent in 2017 after slipping 55 percent in 2016.

The Valencia Town Center did, however, avoid a double dose of bad news on Thursday.

Hours ahead of Sears Holdings’ announcement, Macy’s finalized plans to close 11 stores in its own fight with declining revenues. That list includes four California locations, including Westside Pavilion in Los Angeles, but spared the Santa Clarita Valley location.

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Sears to close at Valencia Town Center

The Sears store at Valencia Town Center will close later this year, Sears Holdings announced Thursday. Austin Dave/The Signal
Sears Holdings announces plans to shutter 103 additional stores.

The seemingly inevitable is official: Sears is going out of business at the Valencia Town Center.

Sears Holdings, the ailing parent company of Sears and Kmart that shuttered hundreds of stores last year as part of ongoing efforts to stabilize its finances amidst heavy sales losses, announced Thursday that it would close 103 additional stores this year.

The Santa Clarita location, one of the mall’s anchors along with Macy’s and JCPenney, will be among 39 Sears to close between March and April as Sears Holdings continues to “close some unprofitable stores as we transform our business model so that our physical store footprint and our digital capabilities match the needs and preferences of our members,” the company said in a statement.

The Sears closure will come less than a year after the Santa Clarita Valley lost its Kmart in a previous round of cost-cutting measures. Another 64 Kmart stores will be closed this year, including Arroyo Grande, Cudahy, Ontario, Redding and Taft in California.

The immediate response on The Signal’s Facebook page to Sears’ demise was mostly unsurprise.

“I saw that coming from a mile away,” Albert Jiminez wrote.

“Knew it was coming, just don’t know why they expanded the mattress dept and got rid of electronics,” Mary Gomes-Switzler wrote.

Another poster, Leo Gomez Montiel, predicted a future closing at the town center.

“JC Penney is next, mark my words. These stores are stuck in the 90s. They failed to keep up with the times,” he commented.

Five other California cities will also lose Sears stores this year: Brea, Hanford, San Jose, San Rafael and Westminster.

Liquidation sales will begin as early as Jan. 12 at closing stores, Sears Holdings announced.

A once vibrant piece of Americana, Sears has plummeted in recent years with the rise of Amazon and other e-commerce. Sears stock closed down nearly 5 percent, at a measly $3.58, following Thursday’s news. Sears shares dropped 61 percent in 2017 after slipping 55 percent in 2016.

The Valencia Town Center did, however, avoid a double dose of bad news on Thursday.

Hours ahead of Sears Holdings’ announcement, Macy’s finalized plans to close 11 stores in its own fight with declining revenues. That list includes four California locations, including Westside Pavilion in Los Angeles, but spared the Santa Clarita Valley location.

About the author

Steve Kiggins

Steve Kiggins

A journalist of 25 years, Steve Kiggins is editor of the Santa Clarita Valley Business Journal. Prior to joining The Signal in December 2017, Kiggins was based in Utah as an executive editor in the USA TODAY Network and worked more than a decade in media and education in Wyoming.
Follow him on Twitter, @scoopskiggy.

  • Ronald Williams

    It was only a matter of time. Was in there just before Christmas and the store was empty. Even half the tool section was gone.

  • Gary Bierend

    As far as I’m concerned, they were closed when they started carrying Kim Kardashian products.

    • Ronald Williams

      Great response!!!!

  • Anthony Morris

    I wouldn’t mind seeing DAVE & BUSTERS replace that vacated space. We could use one in SCV.

  • kysrsoze

    Hoping for a Nordstrom. Our mall is so ghetto, though The Canyon’s opening and Nordstrom Rack’s plans for the area give me some hope.