January 4, By Hannah Wulkan
The Sears department store at the Rego Park Center shopping mall will be closing down along with about 16 other Sears stores throughout the country, according to the company.
The company announced more than 30 Sears and K-Mart store closures late last month, but did not release a comprehensive list of locations. However, the Rego Park location at 96-05 Queens Boulevard was revealed as one of the stores that will be closing by the company today.
The Sears locations will begin liquidation sales on January 6 and will officially close the store by spring.
This latest round of closures comes after a 13 percent drop in revenue last quarter, and brings the number of stores Sears has closed in the past 12 months to over 200.
The company has closed more than 60 percent of its stores in the last five years. In 2011, there were more than 3,500 Sears stores nationwide, and the number has dropped to less than 1,500.