Cookeville’s Kmart will be closing by the end of January 2018.
Sears Holding Company announced yesterday plans to close 18 Sears stores and 45 Kmart locations across the nation. Cookeville’s Kmart made the list of Kmart stores that would close.
Sears and Kmart have lost billions of dollars and closed numerous stores for years. Their parent company, Sears Holding, has failed to turn a profit since 2010 and had “substantial doubts” earlier this year that it would not be able to stay in business.
By the end of July, Sears Holding had only 1,250 stores left in the United States, down from 3,400 at the start of 2006.
