Kmart stores in Dubuque, Waterloo among those closing by end of March
Two eastern Iowa Kmart stores are among the more than 100 stores closing this spring, according to parent company, Sears Holdings.
The Kmart at 2600 Dodge Street in Dubuque and the store at 3810 University Avenue in Waterloo will close at the end of March. A Kmart in Sioux City and another in Platteville, Wisconsin will also close.
In a news release, Sears Holdings said it had informed workers of the store closings either on December 27 or January 4. The company will close 108 Kmart stores and 42 Sears stores this spring.
The company said many of the stores have not been profitable for years, but kept them open to maintain local jobs and hope they would turn around. Sears Holdings said closing the stores will help the company become profitable again.
Elligible workers at the closing stores will receive severance and may apply for open positions at other Kmart or Sears stores.
Liquidation sales will begin as early as Friday at all closing stores.
There are 12 additional Kmart stores in Iowa, including in Iowa City, Oelwein, and Marshalltown. Sears operates more than two dozen stores and auto centers in Iowa including in Cedar Rapids, Waterloo, Clinton, and Marshalltown.