Kmart will close Portsmouth store
PORTSMOUTH — The Kmart store on Woodbury Avenue, which opened in 1978, will close in August, the company said this week.
The closure is part of a series of actions Sears Holding is taking to reduce ongoing expenses, adjust its asset base and “accelerate the transformation” of its business model, according to a statement issued by Howard Riefs, director of corporate communications, on Wednesday.
“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,” Riefs said.
The Portsmouth store has 30 employees who will be given the opportunity to apply for positions at other Kmart and Sears stores. There are no plans for other store closures in New Hampshire, Riefs said.
The Portsmouth store will begin its liquidation sale June 2.