The Kmart store in Oak Ridge will close in mid-December, the company said Monday.
“We have been strategically and aggressively evaluating our store space and productivity, and have accelerated the closing of unprofitable stores as previously announced,” the company said in a statement. “We can confirm that we are making the difficult but necessary decision to close the Kmart store at 370 South Illinois Avenue in Oak Ridge.”
The store will remain open to customers until the mid-December closing and start a liquidation sale on September 22.
“We often hear from our members who are disappointed when we close a store, but our Shop Your Way membership platform, websites, and mobile apps allow us to maintain these valued relationships long after a store closes its doors,” Kmart said in the statement. “As a result, we hope to retain a portion of the sales previously associated with this store by maintaining our relationships with the members who shopped this location.” [Read more…]