WEST ELLICOTT – The West Ellicott Kmart will be one of five Kmarts nationwide to close in late October, according to a statement released Tuesday by the company.
In addition, 21 Sears stores will be closing. Liquidation sales are expected to begin Aug. 15.
“Over the past several months, we have worked hard to strengthen our vendor relationships, return our inventory levels to normal, and improve customer satisfaction and operations; however, we have faced a number of challenges returning our stores to sustainable levels of productivity, including differences with Sears Holdings over our purchase agreement and a generally weak retail environment.”
The company additionally said that more stores could be closing in the future.
“….we will continue to evaluate our network of Sears and Kmart stores and cannot rule out additional store closures in the near term. Our goal remains to return the company to profitability and preserve as many jobs as possible in the communities we serve.”
Leave a Reply