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Washington’s Kmart store is scheduled to close April 3, according to Sears Holdings corporate spokeswoman Kim Freely. She said the store’s 71 employees were notified Jan. 4, adding the liquidation sale will begin Jan. 16.
About five years ago, Sears, Roebuck and Co., was purchased by Kmart Holding Corp., which then changed its name to Sears Holdings Corp. and continued to operate each brand under their own names.
Freely said those employees who qualify will be offered severance packages while others will be notified of job openings at nearby locations, though they would still have to apply to obtain those jobs.
The Washington Kmart is less than a mile from its rival, the Washington Walmart. Freely would not go into details about why the Washington Kmart, which opened in 1981, was closing. She would only say the lease was coming to an end and it would not be renewed.
“This is part of our normal course of business,” Freely said. “We continue to evaluate our portfolio. It could be our decision, the landlord’s decision or a mutual decision to not continue the lease.”
The Pekin Sears is also closing April 3. About five years ago, Sears, Roebuck and Co., was purchased by Kmart Holding Corp., which then changed its name to Sears Holdings Corp. and continued to operate each brand under their own names.
Read the next edition of the Washington Times-Reporter for an update.
Washington’s Kmart store is scheduled to close April 3, according to Sears Holdings corporate spokeswoman Kim Freely. She said the store’s 71 employees were notified Jan. 4, adding the liquidation sale will begin Jan. 16.
About five years ago, Sears, Roebuck and Co., was purchased by Kmart Holding Corp., which then changed its name to Sears Holdings Corp. and continued to operate each brand under their own names.
Freely said those employees who qualify will be offered severance packages while others will be notified of job openings at nearby locations, though they would still have to apply to obtain those jobs.
The Washington Kmart is less than a mile from its rival, the Washington Walmart. Freely would not go into details about why the Washington Kmart, which opened in 1981, was closing. She would only say the lease was coming to an end and it would not be renewed.
“This is part of our normal course of business,” Freely said. “We continue to evaluate our portfolio. It could be our decision, the landlord’s decision or a mutual decision to not continue the lease.”
The Pekin Sears is also closing April 3. About five years ago, Sears, Roebuck and Co., was purchased by Kmart Holding Corp., which then changed its name to Sears Holdings Corp. and continued to operate each brand under their own names.
Read the next edition of the Washington Times-Reporter for an update.
