Kmart Store in Columbus Due to Close in November

Kmart Store in Columbus Due to Close in November

The company said this week they informed associates at 46 unprofitable stores that they will be closing their stores in November. Parent company Sears Holdings called the stores "unprofitable" in a statement.

One location in MI is on the chopping block: Sears at the Jackson Crossing Shopping Center off I-94 in Jackson.

The ailing company said liquidation sales at the 46 unprofitable stores marked for closure will start August 30, according to the company website. The move is "part of our ongoing efforts to streamline Sears Holdings' operations, strengthen our capital position and focus on our best stores", Sears said on its website. A Sears store in Santa Cruz is also slated for closure. The number of stores peaked in 2012 at 4,000, which included the Sears Canada division that was later spun off.




Curious if a location near you is affected?

The store is among 46 to close nationwide. The Rivertown Crossings Mall Sears store is still open.

The Hoffman Estates, Illinois-based retailer's shares have lost value in each of the last four years. So far in 2018, the stock has declined 67 percent. The Woodland Mall Sears store closed a year ago.

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