Kmart on last legs; 2 Denver-area stores closing


DENVER – Kmart’s mother or father firm, Sears Holdings, introduced Thursday one other wave of closures, and two Denver-space shops are on the listing.

The 2 shops, situated in Aurora and Englewood, are amongst 28 shops nationwide the chain will probably be shutting down.

The Kmart at 15200 East Colfax Avenue in Aurora and the Englewood retailer at Broadway and Belleview will shut by mid-November. It’s not clear what number of staff can be impacted.

Kmart was as soon as probably the most dominant retailers within the Denver metro space, with a number of shops even promoting groceries.

However the discounter began to slowly disappear from the retailing panorama over the previous decade, shuttering tons of of shops nationwide and in Colorado, together with the town of Denver’s final remaining retailer in 2016.

This newest spherical of closures will depart just one retailer within the Denver metro space, which is situated in Arvada. That retailer is dealing with elevated competitors from a newly-opened Walmart.

There’ll solely be 4 Kmart shops left in Colorado after the shops start liquidating. Nevertheless, specialists worry the chain is on its final legs and is probably not round for much longer.

The corporate introduced the closures Thursday after its earnings assertion confirmed a continued decline in gross sales.
 



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