Trotwood Kmart to close in January

Trotwood will lose another major retailer in January with the closing of the Kmart store at 5300 Salem Ave.

Kmart officials on Thursday notified the store’s 71 employees that the Trotwood location will close in late January 2013.

“We made a business decision to close this store based on its performance,” said Chris Brathwaite, a spokesman for Sears Holdings Corp., owner of Kmart and Sears.

The Kmart store in Trotwood opened in 1994.

Employees that are eligible will receive severance and have the opportunity to apply for open positions at area Sears or Kmart stores, Brathwaite said.

Liquidation sales will begin in the coming weeks, he said.

Trotwood in May also saw the closing of the Best Buy store at 5031 Salem Ave. That location was one of 50 U.S. Best Buy stores to close this year, also including one in Cleveland.

Trotwood City Manager Michael Lucking could not be reached for comment.

Sears Holdings announced last December that it planned to close 120 Kmart and Sears stores across the country after a sharp drop in 2011 holiday season sales.

The Kmart store at 2960 Derr Road in Springfield was closed April 8, laying off 52 employees in the process, according to a notice sent to the state.

Sears Holdings’ revenues decreased $671 million to $9.5 billion for the quarter that ended July 28, according to a company report. The drop in revenue was attributed to lower comparable store sales for the quarter and the effect of having fewer Kmart and Sears stores in operation.

The company’s comparable store sales dropped 3.7 percent, comprised of declines of 2.9 percent at Sears and 4.7 percent at Kmart.

Declines in consumer electronics, lawn and garden, clearance, and pharmacy sales were cited as factors for more than half the revenues drop at Kmart stores.

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