Eureka will soon lose one of its biggest boxes.
Long-suffering retail giant Sears Holding Corp. — parent company of both Kmart and Sears stores — announced in a blog post today that it would close 43 of its U.S. stores. Among the fallen is the Kmart located on Broadway at the south end of Eureka.
“Today, we will initiate the closing of an additional eight Sears and 35 Kmart unprofitable stores as we continue to focus on our best stores and return to profitability,” said Sears Holding Corp. CEO Eddie Lampert on the company’s website.
Sears Holding Corp.’s site states that most of the stores slated for closure, Eureka’s Kmart included, will do so in early October and that liquidation sales could begin as early as July 13.
“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.
With that in mind, not on the closure list are both McKinleyville’s Kmart and the Sears located in the Bayshore Mall which will soldier on.