BIG FLATS, N.Y. — Sears, the one-time leader in American retail, is closing more of its stores. The Arnot Mall location in Big Flats is among the number of Sears stores closing.
The Big Flats location is currently having a going-out-of-business liquidation sale. Signs that read “Everything Must Go!” and “Huge Inventory Blowout!” are plastered on the doors.
Chemung County Executive, Christopher Moss says this will have a financial impact, but not as large as some may think.
“Our sales tax revenue is based on how busy a store or restaurant is and so forth,” said Moss. “So basically at the end of the day if Sears was a very busy-busy store they probably would be staying so that also would probably give you an indication of how much sales tax revenue Chemung County was receiving.”
Sears first moved to the Arnot Mall in 1980 during a capacity increase that added more than 80 stores and over 500,000 sq ft.
Sears’s parent company, Transformco, hasn’t given an exact date as to when the Big Flats location is set to close.
“Sears and Kmart have closed more than 3,500 stores and cut about 250,000 jobs in the past 15 years,” according to USA TODAY.