INDIANAPOLIS (WISH) — Two Indianapolis Kmart stores will close their doors before the end of the year.
According to a notice filed this week by the Indiana Department of Workforce Development, on Dec. 7, 2014 the Kmart store located at 7425 East Washington Street will be permanently closed.
Terminations at the E. Washington St. location are expected to occur during a 14-day period beginning on Nov. 30. The notice said approximately 139 employees will be affected.
A second Kmart store, located at 2715 Madison Avenue, will also close before the year’s end. That store employs 131 people.
Liquidation sales will begin at these stores starting Sept. 28.
The VP of Corporate Communications for Sears Holdings told 24-Hour News 8 that the closures are part of a series of actions being taken to reduce on-going expenses, adjust asset base, and accelerate the transformation of the business model.