The Kmart on Freedom Drive - Charlotte's last - is closing in the coming weeks, and the store is holding a going-out-of-business sale.
An employee at the store said a final date for the store hasn't been set. That will depend on how long it takes to sell out the remaining merchandise.
The Freedom Drive store is the final Kmart in Charlotte city limits. Remaining locations include Kmarts in Pineville, Gastonia, Rock Hill, Concord and Monroe.
|Photo credit: Mike Kalasnik of www.deadanddyingretail.com/|
The retailer said it will report a full-year loss of at least $1.3 billion, worse than last year's $930 million loss. Sales were down 3.7 percent year-to-date at Kmart, and 3.9 percent company-wide.
"We continue to reduce unprofitable stores as leases expire and in some cases accelerate closings when circumstances dictate," the company wrote.
Kmart and Sears are closing stores around the country. According to news reports this month, Kmart is closing stores near Dayton, Ohio; Orlando, Florida; Montgomery, Illinois; Fergus Falls, Minnesota, Mount Pleasant, S.C. and three in Wisconsin. And that's just the first page of news results on Google.
The Shelby Star also reports that a Sears store in Shelby is closing in April.
So what do you think: Do Kmart and Sears have a future? Do you still shop there? If not, why? What could bring you back?