Facebook LinkedIn Twitter RSS

Allentown Kmart going down with Sears bankruptcy announcement

By ,
KMart (File photo)
KMart (File photo)

The Kmart store on South Fourth Street in Allentown made it through the last few rounds of store cuts, but now it is on the list of 142 store closures Sears has announced as it files for Chapter 11 bankruptcy.

The company said in a release it plans to begin liquidation sales shortly and all stores on the list should be closed by the end of the year.

Sears Holdings, which operates both Sears and Kmart stores filed for bankruptcy early Monday morning, but said it does plan to keep profitable stores open along with the Sears and Kmart websites.

CNN reported that as of this morning about 700 stores remained open and the company employed 68,000 workers.

That, however, is down from 1,000 stores with 89,000 employees that it had as recently as February.

A number of stores in the Greater Lehigh Valley are staying open. They include a Kmart store on Parkside Avenue in Reading is not on the list of those closing, Sears store in the Whitehall Mall in Whitehall and a Sears store in the Berkshire Mall in Wyomissing.

You May Have Missed...

Stacy Wescoe

Stacy Wescoe

Writer and online editor Stacy Wescoe has her finger on the pulse of the business community in the Greater Lehigh Valley and keeps you up-to-date with technology and trends, plus what coworkers and competitors are talking about around the water cooler — and on social media. She can be reached at stacyw@lvb.com or 610-807-9619, ext. 4104. Follow her on Twitter at @morestacy and on Facebook. Circle Stacy Wescoe on .

Leave a Comment

test

Please note: All comments will be reviewed and may take up to 24 hours to appear on the site.

Post Comment
View Comment Policy

Comments

Randyb October 15, 2018 12:39 pm

What about the Walnutport store?

close