Poplar Bluff Kmart store latest victim in store closings

Poplar Bluff Kmart store latest victim in store closings

Sears Holdings did not say how many employees work at those stores, but stressed that all 53 stores will remain open through the holiday shopping season.

Liquidation sales will begin as early as November 9.

"We've had no indication from Sears that it plans to close the Spotsylvania location", said Cafaro spokesman Joe Bell.

The Dundalk store is among 45 Kmart stores and 18 Sears stores the Illinois-based retailer announced Friday it would close by late January. A Madison Heights store closed in 2002.

The last remaining Kmart in metro Toledo on Navarre Avenue in OR will close in January, Sears Holding announced Thursday.

Kamal Haasan Triggers Furore by 'Hindu Terror' Remark, BJP Demands Apology
His article created a huge uproar from the BJP, with the party spokesperson GVL Narasimha Rao criticising the 62-year-old actor's ideology.

Associates will receive a severance page and be able to apply for positions at other Kmart and Sears stores if eligible.

Bad news has been bearing down on Sears for some years, though CEO Edward Lampert continues to lend the business one lifeline after another.

Sears closed the Kmart near Eastpoint Mall earlier this year. A recent article in The Wall Street Journal said Sears has gone from providing 20 percent of Whirlpool's revenue to just 3 percent of sales.

In its annual report in March, Sears Holdings said "substantial doubt exists related to the company's ability to continue as a going concern".

Still, Sears Holdings disclosed Monday that it had borrowed an additional $60 million from a group of companies controlled by Lampert.

Related Articles