Kmart to close Waterford, Warren stores in Detroit metro



Show Thumbnails

Show Captions

Last SlideNext Slide

At its peak, Kmart had 134 locations in Michigan. Now the fallen dealer is down to just one.

Two of the three remaining Kmart stores in the state, located in Warren and Waterford, will close its doors, the company announced Thursday.

The two Detroit metro rods are part of a larger list of 96 Kmart and Sears stores that will close down nationwide. The cuts are an attempt by the company, also known as Transformco, to keep the two dealers afloat since buying assets for Sears Holdings in February. In a news release, Transformco said they have "faced a difficult retail environment and other challenges" since the acquisition, and that to succeed, they are "cutting back operations that have worn off."

Earlier in September, Kmart announced plans to shutter nearly 100 stores in December or earlier, including eight in Michigan: Belleville, Clio, Grayling, Hastings, Menominee, Midland, Oscoda and Marine City.

According to Macomb Daily, Warren Kmart, located at 2000 East 10 Mile Road, will close by the end of the year. The Waterford store, located at 5100 Dixie Highway, will close by February next year. In addition, a Sears in Lansing is set to close at that time.

The closures leave a remaining Michigan Kmart store in Marshall, located at 15861 Michigan Ave.

Kenya Travis of Madison Heights uploads a folding table in her car after purchasing it from Kmart in Warren in 2017. (Photo: Junfu Han, Detroit Free Press)

"We will strive to create and deliver value through a strategic combination of our better performance stores and our service businesses, brands and other assets, and expect to realize a significant return on our extensive portfolio of owned and leased properties, "Transformco said in a statement. "These assets include Innovel, which offers business and consumer logistics solutions, Sears Home Services as well as Shop Your Way and financial services, and our Kenmore and DieHard brands. These businesses will also benefit from the recent acquisition of a subsidiary of Transformco of Sears Hometown – a network of more than 400 independently owned and operated, small-format retailer-controlled stores known to offer customers a range of home products, including appliances, lawn and garden, tools and sports equipment. "

Troy : Old Kmart headquarters still vacant after 13 years. Here's why.

BJ & # 39; s Wholesale Club: 10 Things We Learned On Our Sneak Peek Visit

"Members can use the store locator feature on our website to find the location of their nearest Kmart – and Sears stores. We also encourage members to shop on and "

Following this recent closing round, Transformco will operate 182 Kmart and Sears stores in the United States. Only one Kmart in the state will remain open: a Marshall store off Battle Creek.

The Kmart chain started 57 years ago as the box office of the Detroit-based S.S. Kresge Co. For decades, it was one of Southeast Michigan's largest employers and the nation's second largest retailer. The company's former headquarters were in Troy, with nearly 5,000 people employed there at the top.

Read or share this story:]

Source link

Back to top button