The Birmingham News is reporting that Sears Holdings, Inc. has announced plans to close the Sears location at Century Plaza this spring, citing “business reasons.”
The department store was the last of the major anchor stores that once called the 34-year old mall home.
The announcement was made one day after it was reported that Century Plaza’s owner, Chicago’s General Growth Properties, owes more than $1.2 billion in debt and that they are investigating alternative financing solutions. If they cannot find one, the company may be forced to file for bankruptcy protection.
The location is tentatively set to close on May 31, after which you may find some of the 79 employees at the other Birmingham area locations in Fairfield and at The Galleria.
