Sears Holdings announced Thursday the location was among 64 stores across the country that would be closing between early March and early April of 2018.
KMart is closing at Diamond Run Mall in Rutland in early April, Sears Holdings announced on Thursday. Liquidation sales will start as early as next week. Eligible associates who are affected by the closures will be given the opportunity to apply for openings at other area Kmart or Sears stores.
Though Mihelish said the closure was "generally expected", he was surprised the company didn't finish out the last two years of its lease of the Helena property.
Sears at the Galleria Mall in Centerville is closing in early April as part of a nationwide reduction.
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Seritage aims to capture higher rates by slicing up Sears anchor stores into smaller spaces and re-leasing them - such as the former Sears at the King of Prussia Mall, which is now occupied by a Primark and a Dick's Sporting Goods.
While closing a store is always a hard decision because of the impact on our customers, our associates and the community, Macy's is delighted to have served this community over the years. Since 2011, Sears has lost more than $10.4 billion.
The closures in Springfield and Portland will leave four Sears in OR, with the closest to Lane County in Salem. The Sears news came on the same day Macy's announced store closings and job cutbacks.
Sears chief financial officer Rob Riecker said in a recent conference call with analysts that the retailer would be focusing on improving the customer experience in its remaining stores. Sears has yet to provide an update on sales during retail's crucial holiday shopping period.