Two Colorado Kmart stores to close in latest scaleback

Sears Holdings told employees last week that its closing 64 Kmart stores across 28 states.

A Kmart store. (Courtesy of Kmart).
A Kmart store. (Courtesy of Kmart).
A Kmart store. (Courtesy of Kmart).

Kmart shoppers in Thornton and Craig have a new reason to be blue and it has nothing to do with the stores’ signature specials.

Sears Holdings told employees last week that its closing 64 Kmart stores across 28 states. That includes the store at 1400 E. 104th Ave. in Thornton and the store in Craig on the Western Slope, according to Business Insider.

The stores that are closing will begin liquidation sales on September 22 and close by mid-December, Business Insider reports.

There are eight Kmart stores left in Colorado including the location at 363 S. Broadway in Denver.

Kmart didn’t immediately return an inquiry from Denverite, but the brand has been struggling for years. Financial analysts at Moody’s reported this month uncertainty whether the Kmart franchise will survive.

The Kmart store in Fort Collins closed this year. In 2011, stores in Broomfield and Glenwood Springs were shut down.

Kmart has about 870 stores today, down from about 1,300 in 2012, according to Business Insider.

Business & data reporter Adrian D. Garcia can be reached via email at agarcia@denverite.com or twitter.com/adriandgarcia.

Subscribe to Denverite’s newsletter here bit.ly/DailyDenverite.

 

Adrian D. Garcia

Author: Adrian D. Garcia

Adrian D. Garcia is on business and trends for Denverite, serves as treasurer for the Colorado chapter of the Society of Professional Journalists and was recently elected to the board of the Denver Press Club. He can be reached at agarcia@denverite.com.