The Carrollton Kmart announced on Jan. 21 it is going out of business. The store began its liquidation sale on Feb. 4 and will remain open to the public until late April, the end of the liquidation period. The store has no plans to rebuild or relocate.
The Kmart location currently employs 73 associates, most of which are part-time hourly employees. According to Howard Riefs, a spokesperson for Kmart’s parent company Sears Holdings Corp., all eligible employees were offered severance packages. In addition, all employees were given the opportunity to apply for open positions at other close by Kmart stores as well as at nearby Sears locations.
Multiple attempts to reach out to managers and employees at the store were made, but they declined to comment on the closing.
The store, located at 602 Bankhead Highway, is one of many company-wide store closings over the past several years.
“Store closures are part of a series of actions we are taking to reduce on-going expenses, adjust our asset base and accelerate the transformation of our business model,” said Riefs.
The closeout sale currently takes between 10 and 30 percent off all ticket prices; discounts will increase as the closing date approaches.