After the store closings, Kmart said it will have more than 1, stores nationwide and in the Caribbean and Guam. Kmart, which declared bankruptcy in January , closed stores last year, including 11 in North Texas, and eliminated 22, jobs nationwide. Read the story on closings. Kmart on Tuesday said it plans to file a reorganization plan with the bankruptcy court on Jan.
It also will seek bankruptcy court approval for an amendment to its debtor-in-possession credit facility. Kmart is under investigation by the Securities and Exchange Commission and the Federal Bureau of Investigation for any criminal violations in its financial practices.
More than 37, employees are expected to be affected by the closings, which includes stores nationwide. Texas is the hardest hit with 54 stores slated to close, followed by Florida, with 25 stores closing, California with 19 stores closing and North Carolina with 18 stores closing. Day said the company was planning an aggressive marketing campaign to remind its current and prospective customers about its products that will continue to be available in about 1, stores in the United States, the Caribbean and Guam.
In addition, Kmart said it expects to emerge from bankruptcy by April 30 and plans to file a reorganization plan with the bankruptcy court on Jan. Mayaguez : Pr Route 2 Km Know of a store not on this list that also is closing? Fill out the Google Form below or linked here to share details. Facebook Twitter Email. Sears and Kmart closing more stores. Is your location closing in ? See the updated closure list. Show Caption. Hide Caption.
Why seeing Sears stores close hurts hearts. With Sears filing for bankruptcy and so many stores closing, the end may be drawing near for the iconic American retailer. Many of us aren't ready.
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