Dozens more Sears and Kmart stores are slated to close across the country in late January, including the Kmart in south St. Louis County.
Chicago-based Sears Holdings, which owns Sears and Kmart, said it notified employees Thursday that 63 stores will close after the holiday shopping season: 45 Kmart and 18 Sears stores. Liquidation sales will begin Thursday.
One St. Louis area store is on the closure list: the Kmart at 3901 Lemay Ferry Road in unincorporated St. Louis County. No local Sears stores are on the closure list. Three other Missouri Kmarts will close: Poplar Bluff, Independence and Sedalia.
Employees at the affected stores will receive severance and have the opportunity to apply for open positions at other Kmart or Sears stores, the company said in a statement.
Sears and Kmart have already shuttered hundreds of stores in recent years, including announcing plans earlier this year to close a Kmart at 7230 Westfield Plaza Drive in Belleville.
“Sears Holdings continues its strategic assessment of the productivity of our Kmart and Sears store base and will continue to right size our store footprint in number and size,” the company’s statement said. “In the process, as previously announced we will continue to close some unprofitable stores as we transform our business model so that our physical store footprint and our digital capabilities match the needs and preferences of our members.”
After the south St. Louis County Kmart closes, only two Kmarts will remain in the region: Florissant and Crystal City. That’s down from 18 area Kmart stores in the early 1990s.