Phoenix Kmart on list of latest Sears Holdings closures

One Phoenix Kmart location is on the list of store closures.

In a blog post Friday, Sears Holdings Corporation chairman and CEO Eddie Lampert announced the company would be closing an additional eight Sears and 35 Kmart stores including one Kmart store in Phoenix.

On the list was the store at 2526 W. Northern Avenue in Phoenix. A Kmart store at 3340 E. Andy Devine Avenue in Kingman will also be closed.

The closures come as the company continues to revamp and "transform" its business model.

In the post, Lampert said the company's strategy is an attempt to deal with losses at "unprofitable stores" and to reduce the size of others because, he says, "many of them are simply too big for our current needs."

"Changes in consumer behavior are driving our vision and actions," Lampert wrote, "and we continue to transform our business model so that our physical store footprint and our digital capabilities match the needs and preferences of our members."

According to the company, employees at these stores were notified Friday and the stores will close in early October.

The company said employees impacted by the closures will receive a severance and will have the chance to apply for positions open at other stores in their area. Local Kmart stores can be found using the search tool here.

A liquidation sale at the closing stores will begin as early as July 13, according to the company.

For the full list of the latest Sears Holdings Corporation closures, click here.

© 2017 KPNX-TV


JOIN THE CONVERSATION

To find out more about Facebook commenting please read the
Conversation Guidelines and FAQs

Leave a Comment