FORT WAYNE, Ind. (21Alive) - Sears Holdings announced Thursday that the Kmart store, at 7530 S. Anthony Blvd., will be closed by mid-January.
The closure is part of an effort to reduce company costs and change the business model, corporate communications director Howard Riefs said in a statement.
"These actions will better enable us to focus our investments on serving our customers and members through integrated retail – at the store, online and in the home," the statement read.
Riefs says the store employs 70 people, all of whom will be given the opportunity to apply for positions at other Kmart and Sears stores.
A liquidation sale of Kmart's South Anthony Boulevard store is set to begin Oct. 27.
Full Statement From Sears Holdings
"The Kmart store at 7530 S Anthony Blvd in Ft. Wayne will close to the public in mid-January. Until then, the store will remain open for customers. The store will begin its liquidation sale on October 27. The store closures are part of a series of actions we’re taking to reduce on-going expenses, adjust our asset base, and accelerate the transformation of our business model. These actions will better enable us to focus our investments on serving our customers and members through integrated retail – at the store, online and in the home. The store in Ft. Wayne has 70 employees. They will have an opportunity to apply for positions at other Kmart and Sears stores."
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