Posts Tagged ‘Kmart’
Kmart in Rehoboth to close
The Kmart in Rehoboth will close along with 95 other stores across the country after parent company Sears secured a $250 million lifeline following mounting losses of sales from department stores nationwide. “Since purchasing substantially all the assets of Sears Holdings Corporation in February 2019, Transformco has faced a difficult retail environment and other challenges,”…
Read MoreRehoboth Kmart NOT on Latest Round of Sears/Kmart Closings
The company that now owns what was Sears Holdings has announced yet another round of closings of some of the remaining Sears and Kmart stores. TransformCo, in a release this week says they have faced challenges returning stores to sustainable levels of productivity as well as having some differences with Sears Holdings over the purchase…
Read MoreSears in Salisbury to Close by Late March
The Sears at the Centre at Salisbury will be closing in late March. Sears Holdings announced the closing of 80 more Sears and Kmart stores nationwide to accelerate its strategic transformation and facilitate its financial restructuring. Corporate officials say liquidations sales at these stores are expected to begin in two weeks. The automotive center at…
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