Business & Real Estate

Sacramento Kmart hit in the latest round of closures

The Kmart store at 5100 Stockton Blvd. in Sacramento will close in September as part of a new round of reported store closures by Kmart parent Sears Holdings Corp.

In an email, Sears spokesman Howard Riefs confirmed the upcoming store closure on Wednesday, calling it part of an “accelerated … closing of unprofitable stores” in addition to more than 150 Kmart/Sears store closings announced earlier this year.

The local Kmart will begin a liquidation sale on June 15. Sears Holdings said workers will receive severance packages and have the opportunity to apply for open positions at other Sears or Kmart stores.

Riefs’ confirmation came on the heels of an online report by Business Insider, which said Wednesday that Sears Holdings Corp. has decided to close 72 Sears and Kmart stores in various locales throughout the United States.

Besides the local Kmart, only three other California stores were on the Business Insider closure list: Kmarts in Manteca and Blythe and a Sears store in Chico. Seven Sears Auto Centers were on the closure list, none of those in California.

According to the Kmart website, the store closure on Stockton Boulevard will leave only a handful of Kmarts operating in the extended Sacramento area, with single stores in Auburn, Placerville, Jackson, Grass Valley and Stockton.

In January, Sears announced a round of more than 150 store closures, which included the Kmart at 8501 Auburn Blvd., in Citrus Heights.

Founded in 1962, Kmart has struggled in a retail environment that has been profoundly altered over the past generation by the expansion of Wal-Mart and the racehorse growth of online players such as Amazon.com.

In 2002, Kmart closed more than 250 stores in 40 states and Puerto Rico, cutting 20,000 positions, as part of a bankruptcy restructuring. That round included closure of its store at 6100 Mack Road in Sacramento.

Mark Glover: 916-321-1184, @markhglover

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