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January 3, 2019

Vernon Kmart slated to close

Photo | Flickr via JJBers Kmart in Vernon will close in late March.
By Joe Cooper

Sears Holdings says it will shutter another 80 unprofitable stores in late March, including a Kmart store in Vernon, as it begins liquidation sales in the coming weeks.

The big-box retailer, which operates Sears and Kmart stores, last week listed Kmart at 295 Hartford Turnpike in Vernon as the latest Connecticut brick-and-mortar store on its chopping block. As previously reported, Sears and its auto center at Westfield Meriden mall is expected to close in February.

Struggling with mounting debt, Sears’ parent company filed for Chapter 11 bankruptcy protection in October when it owed a $134 million debt payment it couldn’t pay off.

As part of its financial restructuring, the 133-year-old retailer has now announced the pending shutdown of 262 stores.

In the last two years, hundreds of workers in Connecticut have been terminated as the company has closed stores in West Hartford, Cromwell, Waterbury, Milford, Shelton, Waterford and Enfield, although it still operates an auto repair shop there.

By April, Sears will have two stores in Manchester and Danbury and one Kmart store in Watertown. Sears also has outlet stores in West Haven and Newington, which was sold in recent months to a New York investor for $3.2 million.

The company operated 1,000 Sears and Kmart stores as of Feb. 2018, but is expected to only have about 600 stores following closures in March.

Read more

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