NEW YORK — Sears Holdings is shuttering 21 poor- performing stores nationwide, including one in Colorado, with the bulk being its more discount-oriented Kmarts.
Sears, which expects to post fourth-quarter results today, will shut eight Sears stores and 13 Kmarts — with over 1,000 workers losing their positions. Each of the stores employs 50 to 60 workers, Sears spokeswoman Kimberly Freely said. The workers will be able to apply for open positions at nearby locations, she said.
The only store in Colorado to be closed is the Longmont Kmart, which locks its doors May 9. Fifty-nine employees will lose jobs but will soon be notified of possible openings elsewhere, Freely said.
Sales to liquidate merchandise began Sunday. The other store closings also are expected to be complete by May 9.
Freely declined to say what kind of initial charges or longer-term savings Sears expects from the moves. All of the stores are leased, she said.
Half the Sears stores being shut are in malls.
Denver Post staff writer Miles Moffeit contributed to this report.
