Kmart at Tri-State Plaza to close in next three months
STEUBENVILLE -A national retailer with a longtime local presence will be closing its doors for good sometime in the next three months.
The Kmart store located in the Tri-State Plaza is expected to be shut down in mid-April, Howard Riefs, director of corporate communications for Sears Holdings, Kmart’s parent company, confirmed Wednesday in a written statement.
A liquidation sale at the store is expected to be begin on Jan. 24, according to the statement. The store’s 65 employees who are eligible will receive severance packages and have the opportunity to apply for open positions at area Sears or Kmart stores, Riefs explained.
Customers who have layaway contracts at the store have a couple of options, the release said. They will be able to pay off their contract early or transfer their layaway contract to a neighboring store or online. Transferring the contract will include canceling the current contract and re-creating it. The process can be handled by an associate at the store, the release continued.
According to the statement, that information is being given to customers as they come in weekly to make their payments.
The Kmart has been been an anchor store at the plaza, which is located on Mall Drive, since it opened in May 1991. Other businesses in the complex include Ollie’s Bargain Outlet, Dollar Tree, Planet Fitness and an office of the Trinity Health System Professional Group.
Store closures are part of a series of actions the company is taking to reduce ongoing expenses, adjust its asset base and accelerate the transformation of its business model, Riefs said in the statement.
The Kmart store on Three Springs Drive in Weirton will remain open, the statement added.
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