Kmart will close Portsmouth store
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.
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.
Subscribe for FREE!
Union Leader Business Newsletter
Hooksett man arrested on assault charges
Bus firm to open propane station
Driver was trying to kill himself
NH reps eyeing budget deal
Budget gets House OK, heads to Senate
Decision to tap F&G habitat fund explained
A chief walks: No charges in New London