LIMA — Lima will be without a Kmart store for the first time in 40 years, as its corporate management announced plans to close the city’s remaining store.
Sears Holdings announced Thursday afternoon it would close 68 Kmart and 10 Sears stores this summer, including the Kmart location at 2250 Harding Highway, Lima, according to a press release. The store will close in late July, with a liquidation sale beginning May 12.
Lima’s Sears location will remain open.
The company “took into account historical and recent store performance,” according to the press release.
“The decision to close stores is a difficult but necessary step as we take aggressive actions to strengthen our company, fund our transformation and restore Sears Holdings to profitability,” said Edward S. Lampert, chairman and chief executive officer of Sears Holdings. “We’re focusing on our best members, our best categories and our best stores as we work to accelerate our transformation.”
In February, the company announced it would close three locations, but Lima was spared. In January 2010, it closed the Kmart location at 2200 Allentown Road after 40 years there.
The Harding Highway location has been open for more than 30 years, according to a Kmart.com profile of the store. The store serves nearly 150,000 customers a year, according to the website, and includes a pharmacy and garden shop. The property is owned by Lima Shopping Center Associates LLC.
Eligible employees impacted by the closures will receive severance and have the opportunity to apply for open positions at other Kmart or Sears stores, according to the company. The nearest Kmart locations are now in Kenton and St. Marys.
Other Ohio stores facing closure include Kmart stores in Eaton, Fremont and Springboro and Super K locations in Ashtabula and Lorain.