Sears is entering bankruptcy protection
The store in Boise is adjacent to the Boise Towne Square Mall and shares an entrance with the general mall area – but the store itself and the land it sits on is owned by Sears Roebuck & Co.
The store and land are valued at $6.5 million according to the Ada County Assessor, with more than 120,000 square feet of space for the store and attached auto center.
A closing sale will be conducted between now and the end of the year.
Boise Towne Square has seen a rash of empty storefronts in recent months, totaling nearly 20, mostly smaller spaces, with many vacancies centered in the area near Dillard’s. The mall has been hit by large-scale closures of national retailers including Teavana, Michael Kors
An analysis by Reuters says the closure of Sears stores could present opportunity for malls to revitalize and revamp decaying store locations.
A separate Sears Outlet Store on Franklin is independently owned and not affected by the closure. The Boise Towne Square closure will leave Sears with just one store in Idaho – located in Idaho Falls.