Lakewood’s Kmart store’s four decades of retailing will soon be ending.
The store at 5401 100th St. SW is now set to close Jan. 13, according to a Kmart manager.
“We made a business decision not to renew the lease,” said Sears Holdings spokesman Chris Brathwaite. Kmart and Sears are owned by Sears Holdings.
The store will be stocked for holiday shopping, said the spokesman.
The store’s 59 employees, many of whom are part time, will receive severance pay if they are eligible. They will have the chance to apply for open positions at other Kmart or Sears stores.
The store’s liquidation sale began Sunday.
The store opened in July 1972, said the company.
Sears Holdings, whose earning have suffered in recent years, has undertaken a project to shut down underproducing stores nationwide in order to improve the chain’s profitability. Kmart shut down its Lacey store earlier this year.