CHARLOTTE, NC (WBTV) - After 125 years in business, Sears filed for bankruptcy this morning.
Three stores in our area will close as a result.
The Sears store at Carolina Place Mall in Pineville, the Kmart in Statesville and the Kmart in Rock Hill are among the 142 other store closures nationwide following Sears' bankruptcy filing.
As part of that process they are closing 142 Sears and Kmart stores nationwide this year... including ones in our area.
WBTV's Anne Marie Hagerty is live near one of the stores that's closing with more.
John Duvic worked for Sears for 33 years.
When he woke up this morning, he read the news just like everyone else, and was surprised to read that Sears was going bankrupt.
"It's sad that a company can't adapt to new times and make things work for them," said Duvic. "But Sears obviously didn't."
Online shopping took sales from Sears stores, but even after Sears started an online ordering system, their sales numbers did not improve enough.
"Sears customers are looking for value and they didn't really give them that opportunity," said Duvic.
Sears filed for chapter 11 bankruptcy, meaning they will reorganize the company and not shut down all of their stores at once.
Shoppers in Pineville today coming by Sears reminisced on how the company used to be.
"Everybody had a Sears catalog and they had everything in it that you needed," said Mike Kwolek, a Sears shopper. "If they didn't have it they would find some way to get it to you."
But now with Sears' bankruptcy filing, 68,000 employees hang in the balance.
Sears did not provide any comment or details about their plans for employees.
The Pineville, Statesville and Rock Hill stores will close by the end of the year.