Nashville's oldest Kmart store is starting its liquidation sale this week before closing their doors in mid-January.
The store located at 4095 Nolensville Pike opened in 1965 and began its liquidation sale on Sunday.
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."
The store has 57 employees who will have the chance to apply for positions at other Kmart stores.