Kmart in High Point to close later this year

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HIGH POINT, N.C. — The Kmart store on South Main Street will close in September, Sears Holdings officials confirmed on Thursday.

Kmart store #7278 is set to close on September 14, according to a notice given to employees.

Officials said the store has 71 employees. The company said the employees that are eligible will receive severance and have the opportunity to apply for open positions at area Sears or Kmart stores. Most are part time/hourly.

The store’s liquidation sale is set for June 29.

“Store closures are part of a series of actions we’re taking to reduce on-going expenses, adjust our asset base, and accelerate the transformation of our business model,” said Howard Riefs, director of Corporate Communications for Sears Holdings.

Captfsfsure“These actions will better enable us to focus our investments on serving our customers and members through integrated retail – at the store, online and in the home.”

Last month, an analyst at the Cowan Group told CNN that he expects Sears Holdings to close about 500 of its 1,980 U.S. stores within the next few years. The commented followed the release of Sears Holdings’ first quarter results, in which the company reported a 2.2 percent decrease in sales at Kmart stores compared to 2013.

“The decline at Kmart primarily was driven by declines in consumer electronics and grocery and household categories. Excluding these two categories, comparable store sales would have declined 0.4 percent,” Sears said in quarterly report released in May.

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15 comments

  • Chucky

    I told some friends of mine it would end up closing once WalMart opened. I’m surprised it lasted this long. Kmart just does not carry the selection of goods at the prices that WalMart has. I don’t like WalMart at all but you can get just about anything there that you need with one stop…. well several times a week for me I guess because I forget stuff. :( Maybe they can look into opening a Lowe’s or Home Depot there. :)

    • Motheroftwo

      I agree Chucky. Their prices are just too high compared to Walmart. I am anxious to know what will take its place??

    • Hi-Power

      I said the same Chucky…lasted much longer than I thought. It will be interesting to see what goes in. I seriously doubt it will be Lowes or Home Depot. There used to be a Lowes in the area where Wal-Mart is now, and they closed that one (and the other one on N. Main St.) to open the “bigger & better” one.

      One thing about Wal-Mart, at least they put a store in South High Point where so many others have refused to do so.

  • Michelle Trites

    i disagree, kmart needs to ramp up customer service and open registers, they may not have the volume to compete with walmart but they can sell service…which is walmarts downfall. Look at Target, they are higher priced, offer better products and service and their company is growing.

  • steveo

    worked there for many years in the 80s and 90s, when it was FUN to work…then the bozos that ran the company started making horrible biz decisions without using newer technology, proper training, good mdse, etc…….left in late 90s after a successful career, but the writing has been on the wall for a while…..sad to see it go, but no way in Hades im giving any money to Wally World…..

  • Jethro Bodnick

    I think the whole week of their liquidation sales, they should put 100-‘s of blue lights all over the store and make it a fun way to go out!

  • milroose

    This is just a ripple effect from all the jobs lost in South High Point. Henry James, Cleaner World, Kangaroo Gas Station and Firestone all closed !!! South High Point needs help bringing jobs back. More than 60 empty warehouses and factories in that area alone. Yet you have a group (The City Project) that ignores this and wants High Point to put up the money for something High Point does not need right now….We need to get people back to work with decent paying jobs until then more retail stores and restaurants will close in South High Point.

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