Which kmart stores are closing
Dollar General's business is booming. It's also vulnerable to crime, police say. Kmart is owned by Sears, which purchased the chain out of bankruptcy in There were 2, Kmart locations at the time of its bankruptcy filing , and 1, when it was purchased by Sears. The combined company, Sears Holdings, itself filed for bankruptcy in , and although it survived that process, it has since been closing stores under both brands in what retail experts describe as a "slow-motion liquidation.
Cohen said that there is no sense in rebranding the handful of remaining Kmart stores with the Sears name, as it would cost money to put up new signage, and the Sears brand would do little to attract more customers. The last Michigan store is in Marshall, a suburb of Battle Creek, in the western part of the state.
Read More. Kmart started in the late 19th century when founder Sebastian Spering Kresge opened a five-and-dime store in downtown Detroit bearing his name.
The Kmart brand didn't come about until The chain grew rapidly for several decades, claiming the discount segment of the market that big box stores such as Walmart and Target now dominate. Kmart became known for its minute-long "blue light specials": a store would flash a blue light and announce "attention Kmart shoppers" over the public address system, and customers would rush to buy the discounted goods.
The promotions started in but were discontinued in , although Kmart has tried to bring them back several times. More Sears and Kmart stores will close in the coming months. Two years after Transformco acquired the struggling retailers out of bankruptcy in February , seven Sears and three Kmart stores are liquidating with most closing by mid-November.
SB Capital Partners is managing the store closing sales, according to the liquidation firm's website. Transformco said in a statement that its "go-forward store strategy for Sears and Kmart is to operate a diversified portfolio consisting of a small number of larger, premier stores with a larger number of small format stores.
One of the closing stores is the Sears store at Woodfield Mall in Schaumburg, Illinois, which Transformco said is "its last large department store in Illinois. See the closure list. Sign up here. The company has not posted a list of store closures since November when it announced 96 stores would shutter by February Sears and Kmart have closed more than 3, stores and cut about , jobs in the past 15 years.
Transformco announced in a mid-January news release that it completed the sale and assignment of five closed Kmart stores to Target. Scott Carr, president of Transformco Properties, said the company "continues to pursue opportunities to create value from its real estate portfolio and to partner with retailers, property owners and communities as part of the ongoing reinvention of retail real estate.
Penney have announced store closings. Godiva is closing all of its U. USA TODAY compiled the closing lists using local media reports, state layoff notices, job postings for positions at closing stores, Facebook announcements and by calling locations. The following stores are slated to close by mid-April if not earlier. Most stores listed below are expected to close by mid-April unless otherwise noted.
Dates can vary. Willow Street : North Willow St. Mayaguez : Pr Route 2 Km Know of a store not on this list that also is closing?
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