The last Kmart store in the Dayton area will close in September, according to a WARN notice sent to state officials.
The store located at 601 Woodman Dr. will close, and employee separations are expected to occur on Sept. 24 or during the 14-day period starting on that date, according to a letter sent to the the Ohio Department of Job and Family Services. Approximately 73 employees at the location will be impacted.
“This is part of a strategy both to address losses from unprofitable stores and to reduce the square footage of other stores because many of them are simply too big for our current needs,” Sears Chief Executive Eddie Lampert said in a blog post on the closures.
Kmart will also close a store located at 4480 Indian Ripple Road in Beavercreek this month.
» STORE CLOSINGS: What’s really going on?
Sears Holdings lost $2.2 billion in sales in 2016. In late March, the company issues a somber message and officials said there is “substantial doubt” that Kmart and Sears can continue to survive. The ominous warning came in an annual report filed with the Security and Exchange Commission.
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