Salina K Mart Not Among New Closings
KSAL Staff - August 24, 2017 11:58 am
Sears is going to close over two-dozen more K Mart stores, including one in Kansas, as its earnings and sales continue to fall. The company announced Thursday that it is closing 28 K Mart stores across the country.
Among the K Marts being closed is a location in Topeka, on Wanamaker Road. The store in Salina is not on the list, and will remain open.
The retailer reported that second-quarter earnings fell a dollar and 16 cents a share, which is less than half the loss analysts had forecast. Same-store sales were off eleven and-a-half percent. That’s worse than an expected seven-point-one percent decline.
Prior to Thursday’s announcement, the company has closed 180 Sears and Kmart stores already in 2017 including the Sears store in Salina.