Attention K-Mart Shoppers. You will have to travel out of the valley to seek out deals from this discount chain in the months ahead.
According to MarketWatch, transform Holdco, the company formed in January to buy the remaining assets of bankrupt retailer Sears Holdings Corp., disclosed late Thursday that the Jackson store was on a list of the next Sears and Kmart stores to close by the end of February.
Altogether, the closures involve 51 Sears and 45 K-Mart stores across the country. The company provided Jackson Hole Radio with an official statement saying, “Transformco has faced a difficult retail environment and other challenges. We have been working hard to position Transformco for success by focusing on our competitive strengths and pruning operations that have struggled due to increased competition and other factors. As part of this process, we have made the difficult but necessary decision to streamline our operations and close 96 Sears and Kmart stores. Going out of business sales at these stores are expected to begin on December 2nd.” Company officials say that will leave 182 stores in operation nationwide.