One of south Nashville's oldest Kmart stores is set to close its doors in mid-January.
The store located at 4095 Nolensville Pike opened in 1965 and will begin its liquidation sale on October 27.
Store officials told News 2 the upcoming closure is in part due to the store's lease not being renewed, as well as a series of actions the company is taking to reduce expenses and accelerate the transformation of the company's business model.
In a statement, Howard Riefs, a spokesperson for Sears Holdings, said, "The store closures are part of a series of actions we're taking to reduce ongoing expenses, adjust our asset base, and accelerate the transformation of our business model. These actions will better enable us to focus our investments on serving our customers and members through integrated retail – at the store, online and in the home."
Many longtime shoppers told News 2 they were devastated after they learned the shocking news.
"I just can't believe that it's closing," shopper Joe Young said. "I mean, I love this store. I've been coming here since I was a child with my mother when they sold ham and cheese sandwiches in the back."
The Nolensville Pike store has 57 employees.
Employees of the south Nashville retailer will have an opportunity to apply for positions at other Kmart and Sears stores, as well as receive a severance package of one week for each year they have worked at the retailer.
Thursday, August 28 2014 3:28 PM EDT2014-08-28 19:28:07 GMT
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