Chico losing Sears

The Chico Mall will gain a conspicuous vacancy when Sears, one of its anchors, closes this fall. The store’s auto center already had closed Wednesday (June 7).

Business Insider broke the news Tuesday that the retailer’s parent company plans to close 16 Sears stores, 49 Kmart stores and seven Sears auto centers—most by September. Chico’s Sears topped the list on the internal memo obtained by Business Insider, which did not mention Chico’s Kmart.

Chico Mall confirmed the store will close in a few months. A statement released by the mall Wednesday morning said the facility had no future tenant announcement but “regaining the Sears space provides a positive opportunity for the center’s evolution.”