Greenwood Kmart Closing its doors for the final time.
Kmart of Greenwood on Hwy 72 will be joining 150 other K-mart and Sears stores to close this Spring. Liquidation sales will begin for some Kmart stores as early as this week. See story by Fox News Greenville for more information.
Sears, which owns Kmart, issued the following statement:
“The decision to close stores is a difficult but necessary step as we take actions to strengthen the Company’s operations and fund its transformation. Many of these stores have struggled with their financial performance for years and we have kept them open to maintain local jobs and in the hopes that they would turn around. But in order to meet our objective of returning to profitability, we have to make tough decisions and will continue to do so, which will give our better performing stores a chance at success. Eligible associates impacted by these store closures will receive severance and will have the opportunity to apply for open positions at area Kmart or Sears stores.”
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