Published: Fri, January 05, 2018
Economy | By Shawn Conner

Kmart in Tucumcari considered unprofitable, set to close

Kmart in Tucumcari considered unprofitable, set to close

Kmart shoppers gather around the Blue Light Special at a store in northeast Philadelphia on November 12, 2015.

Sears Holdings Corp. announced it was closing more than 100 stores early this year, including Kmart stores in Butte and Helena, as it tries to turn around its business. The Kmart at 7501 Hickman Road in Urbandale will close in early April.

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Sears Holdings, once the largest retailer in the United States, said at the end of October that it operated 1,104 stores, almost half the 2,019 stores it ran in 2012.

In November, Sears said it would close 18 Sears stores and 45 Kmart stores as part of cost-cutting measures.

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Another 39 Sears stores and 64 K-Marts are slated for closing this spring including a K-Mart in Red Oak, Iowa.

Liquidation sales are expected to start as early as next Friday.

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Sears declined to say how many employees would be affected by the closures, but noted that most of the jobs are part-time positions and eligible workers will receive severance.

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