2016 liquidating michigan
Another Kmart store in metro Detroit — this time Clinton Township — is closing, the company said today.
The store, at 34800 Groesbeck Highway, is slated to close in mid-October and will begin a liquidation sale July 28, said Howard Riefs, spokesman for Sears Holdings, which owns Kmart.
The first Kmart opened in Garden City in 1962, as a part of the S. It was headquartered in Troy until it merged with Sears more than a decade ago.
At one time, Sears and Kmart were the largest two retailers in the U. But, since 2002, when the company filed for bankruptcy protection, Kmart has been struggling and closing stores.
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The closings from easily identified "troubled" retail chains are most likely wreaking havoc for the state's retail economy.
Is it that the consumers and the economies in certain states aren't active and robust enough to support a healthy retail industry?
Or is it more a matter of a retail chain losing its retail relevance, forcing a massive downsizing (or bankruptcy) that just happens to be concentrated in a particular geographic area?
So, BOOKMARK THIS PAGE to return for updates as they happen all throughout the 2016 calendar year.
What follows is the list of going out of business sales that are currently underway, stores that will be closed in the 2016 calendar year, and store closings that have already happened this year in the states of Alabama, Arizona, Arkansas, and California.