Local Kmart Stores Closing
ATLANTA (WAOK/AJC)-Shoppers in the Atlanta area have been anxious to hear which Kmart and Sears stores will be closing since the announcement last week. Today they found out at least four Kmart stories will close in the Atlanta area.
The four Kmart stores are located in Atlanta, Buford, Douglasville and Jonesboro. No Sears stores in the Atlanta area will close according to a partial list of store closings posted by Sears Holdings. The list contains 79 stores, but more stores — up to 120 total — are expected to close.
The Atlanta-area Kmart stores currently slated for closing are located at:
* 230 Cleveland Ave S.W., Atlanta
* 1605 Buford Highway, Buford
* 9552 Highway 5, Douglasville
* 7965 Tara Boulevard, Jonesboro
A Macon Sears located at 3661 Eisenhower Parkway will also close. [Complete list]
After disappointing Christmas sales, the company reported many poorly-performing stores would close. Sears would not discuss how many, if any, jobs will be lost.
Sears Holdings Corp., based in Hoffman Estates, Ill., said that the store closings will generate $140 to $170 million in cash from inventory sales. The retailer anticipates additional proceeds from the sale or sublease of real estate holdings.
More in this report from the AJC