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Niles, Hermitage Kmart stores to close in April

08 January, 2018, 01:56 | Author: Priscilla Morrison
  • Niles, Hermitage Kmart stores to close in April

Kmart on Lone Oak in Paducah is listed to close in Early April.

The announcement lists 64 Kmart stores and 39 Sears stores closing in March and April.

Kate Hogan, Centerville's economic development director, says losing the store isn't necessarily a bad thing.

In late 1989, Sears moved from that location to be one of the original anchors in the then-new Gateway Mall.

The store is located at N. Nevada Avenue and Fillmore Street. "We are really adequately prepared for this closure". The department store opened in Prices Corner in 1963. Store counts are down from 3,510 six years ago to less than 940.

Liquidation sales will start next week at the 103 Sears, Kmart and Sears Auto Center stores that the shared parent company plans to close.




Liquidation sales will begin as soon as January 12 at the Sears and Kmart stores. San Luis Obispo's Sears store in the Madonna Plaza closed in 2017.

Most of the jobs are part-time positions, Sears Holdings spokesman Larry Costello said in an email.

Sears holding announced in November that it was closing 45 Kmarts including the one in Macon on Tom Hill Sr.Boulevard. Sears has yet to provide an update on sales during retail's crucial holiday shopping period.

"Here's the reality - all those classic types of stores, KMart, Sears, Macy's, are in pretty big trouble because of Amazon.com as well as others", said Yves Bradley, vice president of Pomerleau Real Estate's commercial brokerage.

Sears shares dropped more than 60 percent over the past 12 months, including a 4.5 percent drop Thursday.

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