Kmart plans to close its Danville store early next year. The company's lease on the property along the Danville bypass is coming up and it's opted not to renew it, said Kim Freely, a spokeswoman for Sears Holdings Corp., the parent company of both Kmart and Sears.
"It's kind of a normal course of business," she said. "We evaluate our portfolio as leases come due and decisions are driven by numerous factors."
The store will tentatively close March 14, she said. It employs 64 people. Freely said those who qualify will be eligible for severance, but she declined to discuss the eligibility guidelines.
Kmart's closure will leave Wal-Mart alone as a major discount retailer in the city.