Kmart in Clinton Township to close
Sears Holdings Corp. will close three more Kmart stores in Michigan, including the location on Garfield Road in Clinton Township.
Store in Mount Pleasant and Battle Creek also are among the 63 Kmart and Sears locations nationwide that will close after the holidays. The latest round adds to hundreds of stores that have shuttered as part of the retailer’s bid to curb losses.
The company informed employees at 45 Kmarts and 18 Sears stores that it would be shutting down the locations by late January, according to a statement on its website. Liquidation sales will begin as soon as Nov. 9.
“We will continue to close some unprofitable stores as we transform our business model,” the company said.
Sears is working to offload unprofitable stores and serve more customers with e-commerce, but it’s been an uphill battle. The company has posted roughly $11 billion in losses over the past six years.
Employees at the stores will be eligible for severance and may apply for jobs at other Sears or Kmart locations, the Hoffman Estates, Illinois-based company said.
Bloomberg News contributed.