The store will begin its liquidation sale on November 16. 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. Our investments in Shop Your Way and Integrated Retail enable us to migrate the shopping activity of highly engaged members who previously shopped these closed stores to alternative channels. As a result, we hope to retain a portion of the sales previously associated with these stores by nurturing and maintaining our relationships with the members that shopped these locations.
The store has 93 employees. Those associates that are eligible will receive severance and have the opportunity to apply for open positions at area Sears or Kmart stores. Most of the associates are part time/hourly.
Customers with layaway contracts at the store have a couple of options: 1) Pay off the contract early, or 2) Transfer their layaway contract to a neighboring store or online. This does entail canceling the contract and re-creating it. This can be initiated by our customers and done by an associate in-store. We are communicating with our layaway customers as they come in weekly to make their payments. We truly apologize for any customer inconvenience.