Sears - Kmart to slam the doors on 103 stores

Inc. All rights reserved. This material may not be published broadcast rewritten or redistributed

Inc. All rights reserved. This material may not be published broadcast rewritten or redistributed

After careful consideration, Macy's has made a decision to close the Novato Furniture store in mid to late March of 2018.

It is among the 39 Sears stores the company deemed "unprofitable".

The Kmart store in Mandeville is one of 64 in the national chain closing within the next few months, Businessinsider.com reported. Liquidation sales could start as early as January 12, the company said.

Sears Holdings now has 1,104 stores, down from 1,672 in 2016.

The company says eligible employees will receive severance pay.

The Kmart store in Portland is one of more than 100 scheduled to shut its doors this spring, following a recent announcement from Sears Holdings.

No information is available on how many employees will be affected by the store closings.

"It could be sooner", Rodriguez said of the store's closure.

The move comes in addition to closing about 250 stores announced past year.

"Of course, our economic development crew, and Montgomery County Development Corporation will probably be in contact with Sears Holdings to see if there's anything we can do to change their minds". But, they're also closing a store in Urbandale, Iowa.

Earlier Thursday, Macy's Inc. announced it was closing 11 stores early this year.

According to a news release, the store will close in early April.

KMA News is attempting to gather reaction to Kmart's closing from the Red Oak community.

Last year, commissioners adopted a mixed use zoning ordinance with the hopes of allowing more business to set up shop in the commercial district.

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