Is the Kmart in Burlington township of NJ going to be closing its doors for good?
Kmart is the anchor of the strip shopping center, occupying 96,000 square feet of space. The retailer’s departure will leave only a handful of small merchants in the center, including a barber shop and a Chinese restaurant. The store’s 71 employees will be notified of openings at nearby Kmart and Sears stores, said Kimberly Freely, spokeswoman for Sears Holding Co., the parent of both retailers. “We will encourage them to apply for those jobs,’ she said. Eligible workers who aren’t able to transfer will be given severance packages, Freely said. The company would not disclose which employees will be eligible for severance or what the terms of their packages will be. She said Kmart management decided to close the store rather than renew the lease on the property. The company would not disclose whether the location was profitable.
Here’s the article from the Courier-Post: “Burlington Twp. Kmart to close doors BY EILEEN SMITH • COURIER-POST STAFF • JUNE 24, 2009 After 35 years, the Kmart on Route 541 will close, the company said. The big box discounter will begin liquidating its inventory Sunday and will close for good Sept. 20. Kmart is the anchor of the strip shopping center, occupying 96,000 square feet of space. The retailer’s departure will leave only a handful of small merchants in the center, including a barber shop and a Chinese restaurant. The store’s 71 employees will be notified of openings at nearby Kmart and Sears stores, said Kimberly Freely, spokeswoman for Sears Holding Co., the parent of both retailers. “We will encourage them to apply for those jobs,’ she said. Eligible workers who aren’t able to transfer will be given severance packages, Freely said. The company would not disclose which employees will be eligible for severance or what the terms of their packages will be. She said Kmart manageme
Kmart is one of the many retailers that plan to close some stores to raise cash after a weak holiday shopping season. Over 100 Sears and Kmart stores are going to close later this year. Kmart stores suffered from fewer sales of apparel and electronics, while Sears sold fewer home appliances and electronics. Source of article: More than 100 Sears and Kmart stores closing.
Kmart is the anchor of the strip shopping center, occupying 96,000 square feet of space. The retailer’s departure will leave only a handful of small merchants in the center, including a barber shop and a Chinese restaurant. The store’s 71 employees will be notified of openings at nearby Kmart and Sears stores, said Kimberly Freely, spokeswoman for Sears Holding Co., the parent of both retailers. “We will encourage them to apply for those jobs,’ she said. Eligible workers who aren’t able to transfer will be given severance packages, Freely said. The company would not disclose which employees will be eligible for severance or what the terms of their packages will be. She said Kmart management decided to close the store rather than renew the lease on the property. The company would not disclose whether the location was profitable. Sources: http://www.courierpostonline.
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