The company said the closures are part of an ongoing effort to "right size" its store footprint. Closeout sales begin at affected locations next week.
Billings says losing Kmart is a tough blow to the Red Oak retail community. We're very fortunate to have our Shopko store.
The majority of jobs lost to the closures are part-time positions, according to Sears Holdings. In November 2017, Sears Holding announced it will close 18 Sears stores and 45 Kmart locations, including the last Kmart store in Alabama.
"Kmart's business model has not probably adapted to fulfill the opportunities that lay underneath its umbrella", said the mayor. The additional 100 closings will bring it down to just over 1,100 stores.
Chocolate Is Going Extinct
Despite increased demand, supply has not been covered and cocoa stocks are believed to decline. The other option is to start growing plants that thrive in the changing environment.
The latest store closings include Kmarts in Crossville, Goodlettsville and Greeneville, Tenn., and in Statesboro, Albany and Jesup, Ga., and a Sears store in Centerville, Ga. In a statement Thursday, Sears Holdings said eligible associates at those stores will receive severance pay and can apply at area Kmart of Sears stores. In October, Whirlpool Corp (WHR.N), one of Sears' biggest vendors, said it would stop supplying some big name-brand appliances to the department store chain.
The Centerville Sears is closing its automotive center in late February.
Sears located in Midland, Austin and Midland and the Kmart in Portland near Corpus Christi are expected to be shuttered by early April.