Sears Holdings, which owns Kmart and Sears, has announced which of its stores it will be closing this year.
"We will continue to close some unprofitable stores as we transform our business model so that our physical store footprint and our digital capabilities match the needs and preferences of our members," a release from Sears Holdings states.
The company made the announcement on Thursday, Jan. 4 and informed associates at 64 Kmart stores and 39 Sears stores that they will be closing these stores between early March and early April 2018.
Fortunately, the Kmart in West Long Branch on Route 36 and the Sears in Ocean Township in the Seaview Square Shopping Center are not amongst the stores that will be closed.
In fact, no New Jersey Kmart stores will be closed this year and only one New Jersey Sears will be shuttered; the one located in the Ocean County Mall in Toms River.
"Eligible associates impacted by these store closures will receive severance and will have the opportunity to apply for open positions at area Kmart or Sears stores," the release states. "Liquidation sales will begin as early as January 12 at these closing stores."