A sign announcing the store will be closing hangs above a Sears store
07 January, 2018, 01:43
On Friday, Sears Holdings continued its move to consolidate its holdings by announcing the closing of 64 Kmart and 39 Sears stores.
The stores targeted for closure are unprofitable and are set to be shuttered between early March and early April. J.C. Penney's store in the Capital Hill Mall closed in July.
"I think that those were two of the companies nationwide that were struggling the most", she said. I mean, you heard a lot of rumors ahead of time about them. "Companies that are looking to come into Helena would do their own research on the market, and they know what they can attract".
Burwell said the closure of any business is always hard for employees.
She says that Helena's unemployment rate is now very low, which means that former Kmart employees may have an easier time finding another job.
The company announced nationwide it would be closing 64 Kmart stores and 39 Sears stores and would begin liquidation sales nearly immediately.
Macy's also announced the closing of 11 stores on Thursday, though none in New England.
The Midland location will close early this month.
"Sears Holdings continues its strategic assessment of the productivity of our Kmart and Sears store base and will continue to "right size" our store footprint in number and size", the company said in a press release.
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Little by little, Macy's is beginning to close some of the roughly 30 stores it previously announced were on the chopping block. Top-selling items included coats, boots, sweaters and fragrances. - CNBC's Courtney Reagan contributed to this reporting .
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