Is Kmart Closing ALL Their Locations? Read For Yourself Here | #Kmart #KmartClosing

Kmart-Closing

 

 

Kmart could soon be going out of business, with rumors reportedly circulating among store employees that all of the remaining locations are on their way to being closed within about a year. In April it was announced that 78 Kmart/Sears stores were closing.

There are signs that many more Kmart stores could be following — possibly all of them. Business Insider spoke to a number of store-level employees who reported that the remaining 941 Kmart stores appear to be moving into the liquidation process as well.

Rumors among the Kmart employees indicate that the entire chain is moving toward bankruptcy, with a two-phase plan being implemented in all of the stores that includes layoffs and hourly wage reductions. Employees are also moving all of the stores’ inventory to the sales floor, with some even adding extra overhead shelves to accommodate all of it.

If the rumors that Kmart is closing all of its locations turns out to be true, the retail chain could have close to one year left before fading away entirely. Store employees noted that locations entering the liquidation process have about nine months before closing down.

Keep an eye on your Kmart location to see if they start liquidating their merchandise.

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