Mandeville Kmart will close in early April, company announces

Mandeville Kmart will close in early April, company announces

Mandeville Kmart will close in early April, company announces

Closeout sales will begin next week with all locations shuttered by May.

In total, Sears Holdings plans to close 64 Kmart and 39 Sears locations by May.

Sears Holdings Corp., owner of both chains, says that it will continue to close some unprofitable stores as it transforms its business model.

Sears Holdings closed almost 400 Sears and Kmart locations in 2017, according to Business Insider.

Sears, once one of the country's most successful retailers, has struggled with the rise of e-commerce and some management missteps.

"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", said Sears Holdings in a statement.

It has closed more than 1,000 stores in the past few years, including Kmarts in Fayetteville and Goldsboro last year. According to a press release, "eligible associates impacted by these store closures will receive severance and will have the opportunity to apply for open positions at area Kmart or Sears stores".

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