Kmart to Close 4 More Texas Stores
Kmart closed its Lubbock store permanently last month, leaving behind a huge vacant building and many store associates without a job. The retail chain continues to tumble, and will close four more Texas stores this spring.
At one point, El Paso had five Kmart stores, and will be losing two locations. Killeen and Lufkin are both losing their only Kmart stores. Sears Holdings is closing several more Kmart and Sears stores throughout the country.
According to an official document from Sears Holdings:
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.
All stores will close at the end of March with a few stores closing even sooner, as early as mid-March.
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