K-Mart Announces Store Closings -- None Locally

POSTED BY: George Hiotis
Wednesday, January 15, 2003 - 06:18 AM
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The blue light special is fading at K-mart. More than 35-thousand K-mart employees are losing their jobs as the chain announced that it will close 330 stores nationwide. None of the closings are occurring in southeastern Ohio. Some analysts says part of K-mart’s demise has been the inability to compete with other discounters like Wal-mart and Target.
After declaring bankruptcy a year ago, K-mart announced the elimination of 283 stores in March -- all were closed by the end of June. In Ohio 16 stores are expected to close.

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