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Santa Maria Kmart to begin liquidation sales, close in March

Posted at 1:25 PM, Dec 28, 2018
and last updated 2018-12-28 22:25:15-05

The Santa Maria Kmart will close in March, according to a report from CNBC.

The announcement came Friday after Sears said it planned to close an additional 80 stores across the U.S.

CNBC reports the bankrupt retailer, which owns Kmart, may be forced to liquidate entirely.

Sears filed for bankruptcy in October. At the time, a little under 700 stores were operating across the nation. The company said it would close 142 unprofitable stores. A month later, it announced another 40 stores would be closing.

This week, Sears told workers it will begin liquidation sales at 80 stores in two weeks, which includes the Santa Maria Kmart. The report says Sears Auto Centers will also close.

Four other California Kmarts are impacted, including Stockton, Apple Valley, Burbank, and Auburn.

There are still Sears locations in Santa Maria and Santa Barbara, but no plans have been announced regarding those stores.

“Kmart has been a part of Santa Maria for decades, providing jobs, products, and services, and it is sad to see them go. But it has been looming for a long time given the struggling retailer’s difficulties and previous decisions over recent years to close multiple stores across the country,” said Mark van de Kamp, Public Information Manager for the City of Santa Maria.

Van de Kamp says the city will work with those interested in moving into the site in the future.