58°F
weather icon Mostly Cloudy

Sears to close its doors at Meadows Mall

Updated November 11, 2019 - 6:57 pm

Sears announced it would be closing its Meadows Mall location, but the news drew little sympathy from shoppers trickling into the Las Vegas center Monday afternoon.

“I never shop there but my parents shop there,” Henry Guevara said.

The Las Vegas resident recalls visiting Sears as a kid, tagging along while his parents shopped at the department store.

“I just grew up,” he said, explaining why he never visits. “Sears was more like for our parents. There’s so many other stores like Best Buy (and) Walmart. I’m not surprised … another chain store going down.”

Lenette Fleming said she didn’t know the Meadows Mall anchor tenant would be closing, but kept it simple when asked if she’s ever made a purchase.

“No,” she said. “I had a friend that worked for Sears (but) I don’t know, I just never (shopped there).”

Parent company Transformco said late last week it would close the Meadows Mall store, located at 4300 Meadows Lane, as well as 95 other Sears and Kmart stores by February.

The store is the last mall-anchored Sears in Las Vegas, although the company operates two appliance outlet stores in the Las Vegas Valley at 1437 W. Sunset Road in Henderson and 4854 W. Lone Mountain Road in Las Vegas.

The Boulevard Mall store as well as another Sears at 4355 S. Grand Canyon Drive previously closed.

The Meadows Mall Sears is located on the second floor of the mall and fills about 48 percent of its 139,200-square-foot building, which is owned by Sears Holdings Corp.’s real estate investment trust Seritage Growth Properties, according to company filings.

Seritage leased a portion of the first floor, or 42,500 square feet, to Japan-based amusement store chain Round One Entertainment, which opened this month.

‘Retail is changing’

Transformco had been focusing on reviving the department store chain but faced a “difficult retail environment and other challenges,” according to the company.

While it received an estimated $250 million in new capital from its owners and a third-party investor, Transformco said it still needs to trim back its footprint to better streamline operations.

Retail Association of Nevada Senior Vice President Bryan Wachter said that like many other big-box retailers, Sears is being forced to adapt.

“Retail is changing and evolving because our consumers are changing and evolving,” Wachter said. “It’s the same story. We’ve seen this play out a million different ways with other firms — how well are you organizing online and in-store and how are those two seamless? I think we’re seeing Sears adapting to this (concept).”

Other department stores such as Macy’s have also closed stores but Transformco, owned by billionaire Edward Lampert’s hedge fund ESL Investments, purchased the remaining assets of Sears Holdings Corp. in February for $5.2 billion in an effort to prevent complete liquidation.

Lampert is no stranger to Sears. He took control of the retail giant in 2005 then stepped in as chief executive and chairman of company in 2013, eventually stepping down when Sears Holdings Corp. filed for Chapter 11 bankruptcy in October 2018.

By then, the retailer operated 687 Sears and Kmart stores. That figure will drop to 182, after its most recent closures are complete.

Contact Subrina Hudson at shudson@reviewjournal.com or 702-383-0340. Follow @SubrinaH on Twitter.

Don't miss the big stories. Like us on Facebook.
Business Videos
Opening ceremony of the first Chick-fil-A restaurant inside a casino
Opening ceremony of the first Chick-fil-A restaurant inside a casino at the Golden Nugget on Monday, Dec. 2, 2019. (Bizuayehu Tesfaye/Las Vegas Review-Journal) @bizutesfaye
Fire damages 7 cars at Las Vegas airport parking garage - VIDEO
Firefighters on Saturday morning extinguished a car blaze that damaged six other vehicles in a parking garage at McCarran International Airport. (James Schaeffer / Las Vegas Review-Journal)
Vegas Changes Everything: Grandma - LVCVA ad
"Grandma" is a new television spot from the Las Vegas Convention and Visitors Authority prepared to entice visitors to come during the Thanksgiving and Christmas holidays. (Visit Las Vegas/YouTube)
Vegas Changes Everything: Chaos - LVCVA ad
"Chaos" is a new television spot from the Las Vegas Convention and Visitors Authority prepared to entice visitors to come during the Thanksgiving and Christmas holidays. (Visit Las Vegas/YouTube)
New allegations involved Steve, Elaine Wynn - VIDEO
The new allegations were presented Friday in a motion that included a 2018 affidavit, alleging former hairstylist Jorgen Nielsen tried to convince a friend to say Steve Wynn raped her and that she bore his son. The affidavit also included new allegations suggesting Elaine Wynn and Nielson orchestrated the assault scandal. (Renee Summerour/Las Vegas Review-Journal)
Fitness chain Life Time acquires former Sullivan Square site
Fitness chain Life Time has acquired the former Sullivan Square site in Las Vegas for $14 million. The southwest valley property, across the street from Ikea, is little more than a giant hole in the ground. (Bizuayehu Tesfaye/Las Vegas Review-Journal) @bizutesfaye
Fashion Outlets of Las Vegas in Primm outlet mall changing its name - VIDEO
Chad Dillow, co-owner of Step Right Up, is building his attraction at Prizm Outlets, which recently changed it name from Fashion Outlets of Las Vegas, in Primm. It will include 3D trick art, ax throwing, escape rooms and carnival-themed games. (K.M. Cannon/Las Vegas Review-Journal) @KMCannonPhoto
O.J. Simpson files lawsuit against The Cosmopolitan over TMZ story - VIDEO
A lawsuit filed Thursday alleges that The Cosmopolitan of Las Vegas defamed O.J. Simpson when hotel employees told TMZ he was kicked out of the casino “for belligerence” in November 2017. (James Schaeffer / Las Vegas Review-Journal)
Phil Maloof on selling his Palms Place penthouse.
Phil Maloof sold his 59th-floor penthouse at Palms Place. (Eli Segall/Las Vegas Review-Journal)
Bleutech announces Las Vegas land purchase deal
Bleutech Park Properties reached a purchase agreement for 210 acres at Las Vegas Boulevard and Cactus Avenue, project spokesman Tom Letizia announced Tuesday, Nov. 5, 2019 at a news conference at the M Resort. (Elizabeth Brumley/Las Vegas Review-Journal)
Stolen Dodge Challenger found, suspect arrested - VIDEO
A $250,000 custom-built Dodge Challenger was stolen on Oct. 30, 2019, just before it was to be displayed at the Specialty Equipment Market Association trade show in Las Vegas this week. The thief was found by an Nevada Highway Patrol trooper, who rammed the trooper's car with the Challenger and got away. The suspect was ultimately arrested and the car recovered. (Las Vegas Review-Journal)
Terbine's, a tech firm, decision to relocate business from Bay Area to Las Vegas
Terbine's, a tech firm, decision to relocate business from Bay Area to Las Vegas. (Bizuayehu Tesfaye/Las Vegas Review-Journal) @bizutesfaye
A walk through the historic Huntridge Theater in Las Vegas - VIDEO
The Huntridge Theater became a musical venue in 1992 and was a staging ground for groups on the rise and alternative superstars, from Smashing Pumpkins to Sarah McLachlan, the Deftones, Nine Inch Nails, Green Day and Fugazi. The venue has been closed since 2004. This video, taken on Oct. 31, 2019, shows what's left of the theater after 15 years. (David Guzman/Las Vegas Review-Journal)
MGM Resorts International looking to sell another property
MGM Resorts International is working to sell its MGM Grand property on the Las Vegas Strip. (Renee Summerour/Las Vegas Review-Journal)
Developer Sam Cherry reveals plans for shareDOWNTOWN.
Mayor Carolyn Goodman and Councilwoman Olivia Diaz will attend this event where plans are revealed for a future apartment complex in the Arts District. (Shea Johnson/Las Vegas Review-Journal)
Las Vegas Convention Center expansion update - VIDEO
Take a drive outside of the new Las Vegas Convention Center expansion project. (Severiano Galvan/Las Vegas Review-Journal)
Binion's debuts a spinning bar overlooking Fremont Street Experience - VIDEO
Binion's debuted its spinning bar inside the Whiskey Licker Up Saloon. The Rotating bar only goes at one full rotation per 15 minutes overlooking the Fremont Street Experience. (James Schaeffer/Las Vegas Review-Journal)
Day 3 of the 2019 Global Gaming Expo
Day 3 of the 2019 Global Gaming Expo took place at the Sands Expo and Convention Center in Las Vegas Wednesday, Oct. 16, 2019. (K.M. Cannon/Las Vegas Review-Journal) @KMCannonPhoto
Southern Nevada could set a new resale-price record in coming months.
The median sales price of previously owned single-family homes – the bulk of the market – was $310,000 in September. Before the economy crashed last decade, prices peaked in June 2006 at $315,000, according to the Greater Las Vegas Association of Realtors.(Bizuayehu Tesfaye/Las Vegas Review-Journal) @bizutesfaye
Walmart container park in Henderson - VIDEO
Henderson could be home to a container park associated with a Walmart Inc. initiative. (Las Vegas Review-Journal)
Resorts World construction update - Video
Resorts World Las Vegas continues its construction on the Las Vegas Strip. Review-Journal studio host Aaron Drawhorn and business reporter Rick Velotta go over the newest updates in the construction. (Las Vegas Review-Journal)
Recession lessons could help Las Vegas face next slump - VIDEO
While the last economic downturn had a dramatic impact on local casinos, most experts expect the industry will be better able to weather the storm during the next recession. (Mat Luschek / Las Vegas Review-Journal)
St. Rose Parkway Construction - Video
St. Rose Parkway continues to have construction along the six-and-a-half mile road. Review-Journal studio host Aaron Drawhorn and business reporter Eli Segall go over the construction projects that are coming to Henderson.
MGM and victims of Oct. 1 reach settlement agreement - VIDEO
MGM Resorts International and lawyers representing potentially thousands of victims of the Oct. 1, 2017, mass shooting on the Las Vegas Strip have reached a tentative settlement of between $735 million and $800 million. (Mat Luschek /Las Vegas Review-Journal)
Live music and EDM dominate the night on day 2 of A’Le’Innstock
After sunset bands rocked the crowds at A’Le’Innstock in Rachel, Nevada on the second night of the event.
iPhone 11 Release
Local Las Vegas long time Apple product consumer shares her excitement for the new iPhone 11 release Downtown Summerlin. (Elizabeth Page Brumley/Las Vegas Review-Journal)
Lihi Levin talks about a mobil app Dropit - VIDEO
Lihi Levin, regional manager at Dropit Shopping, talks about a mobil app Dropit. The app lets customers leave their shopping bags at a store then have them delivered the same day to their home or hotel so they can shop without carrying multiple bags all day. (Bizuayehu Tesfaye Las Vegas Review-Journal) @bizutesfaye
North Las Vegas company prepares for Mars - VIDEO
Robert Bigelow and his Bigelow Aerospace manufacturing facility played host to eight NASA astronauts and 60 engineers this week getting to know the company’s B330 autonomous, expandable space station. (Elizabeth Brumley/Las Vegas Review-Journal)
THE LATEST
Trump gets win as Dems, White House forge new North American trade deal

House Democrats and the White House announced a deal on a modified North American trade pact, handing President Donald Trump a major Capitol Hill win Tuesday on the same day that impeachment charges were announced against him. Both sides hailed the deal as a win for American workers.