Holding company plans closure of Kmarts, Sears - KUAM.com-KUAM News: On Air. Online. On Demand.

Holding company plans closure of Kmarts, Sears

Posted: Updated:

by Mindy Aguon

Guam - Although it's considered one the biggest stores in the chain, it's unclear whether the Kmart store on Guam will be included in plans to close more than 100 Kmart and Sears stores next year.  Parent company, Sears Holding Corporation, announced the closure due to declining sales performance and the overall difficult economic environment. 

Kmart general Michael Fleissner was unable for comment today.  The corporate office only stated that no individual closings have been announced.  A listing of store closings is expected to be posted on the website when a final determination is made.

According to its website, Kmart's year-to-date sales were down 1.8%.

  • NEWS HEADLINESMore>>

  • Accused ATM skimmer didn't understand his rights, says defense

    Accused ATM skimmer didn't understand his rights, says defense

    Of all the Italian speakers on island, defense argues authorities used the wrong one. Public defender Rocky Kingree, in his filing earlier this week, resubmits his argument that his client, Nicola Marinelli, did not fully understand his rights when he repMore >>
    Of all the Italian speakers on island, defense argues authorities used the wrong one. Public defender Rocky Kingree, in his filing earlier this week, resubmits his argument that his client, Nicola Marinelli, did not fully understand his rights when he repMore >>
  • $2M in compact impact funding coming Guam's way

    $2M in compact impact funding coming Guam's way

    Guam will get another $2 million in compact impact funding. In a news release, the U.S. Interior department said the money can be used to help defray the educational impacts of migrants from the freely associated states. Guam and Hawaii were the most heavMore >>
    Guam will get another $2 million in compact impact funding. In a news release, the U.S. Interior department said the money can be used to help defray the educational impacts of migrants from the freely associated states. Guam and Hawaii were the most heavMore >>
  • One step closer to tuition-free trade school education

    One step closer to tuition-free trade school education

    The island is a step closer to tuition-free trade schools and colleges. The administration announced the awarding of a $1 million Department of Interior grant to fund education and training for 193 students on Guam who graduated in 2017 and 2018. The moneMore >>
    The island is a step closer to tuition-free trade schools and colleges. The administration announced the awarding of a $1 million Department of Interior grant to fund education and training for 193 students on Guam who graduated in 2017 and 2018. The moneMore >>
Powered by Frankly