Alton Square Full Line Sears Store To Be Closed in 2012
More evidence why shopping local, Madison County businesses is very important!
Due to massive forth quarter losses, Sears marked another 24 stores for closing behind announced closings in December and August 2011. Recent store closings have included both Kmart, Sears and Sears Great Indoors stores. Of the 24 recent announcements, only three were full-line Sears stores, one of which is the store at the Alton Square Shopping Center. Malls depend on anchor stores to keep the hallways active which feeds the smaller stores, so the Sears loss at Alton Square is a massive loss to all the stores between the Sears end of the mall and the remaining anchors.
Also, losing any business can impact the local tax base and Sears in Alton will cost all of Madison County in some way. If anything, this is a warning to Madison County residents that we may want to drive to and shop at Madison County retail outlets even if the St. Clair version of the store is closer. The gas money you think you are saving may cost you in tax dollars later
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Full list of sears closings