The Kmart at 1501 Paris Pike will close in mid-April, Sears Holdings announced Tuesday.
Sears Holdings spokesman Howard Riefs said the company has been evaluating store space and productivity, and has accelerated the closing of unprofitable stores. He described the decision to close the Scott County store as difficult but necessary.
Liquidation sales are to begin Jan. 6.
The number of Kmart employees at the Georgetown store was not immediately available, but Riefs said most of the employees are part-time hourly employees. Eligible employees will receive severance and will have the opportunity to apply for open positions at area Sears or Kmart stores.
Kmart shoppers can go to Kmart.com/stores to look up other nearby stores. According to the website, Kmart stores are open in Frankfort, Versailles and Lexington.
According to Business Insider, 64 Kmart stores in 28 states, including one in Pikeville, are closing this month.
Full statement on Georgetown Kmart closing
We can confirm that we are making the difficult but necessary decision to close the Kmart store at 1501 Paris Pike in Georgetown. The store will close to the public in mid-April. Until then, the store will remain open for customers. The store will begin its liquidation sale on January 6. We have been strategically and aggressively evaluating our store space and productivity, and have accelerated the closing of unprofitable stores as previously announced. We often hear from our members who are disappointed when we close a store, but our Shop Your Way membership platform, websites and mobile apps allow us to maintain these valued relationships long after a store closes its doors. As a result, we hope to retain a portion of the sales previously associated with this store by maintaining our relationships with the members who shopped this location. Our members and customers can also shop at our other Kmart locations, which are listed at http://www.kmart.com/stores.html. The number of associates is not publicly available. Those associates that are eligible will receive severance and have the opportunity to apply for open positions at area Sears or Kmart stores. Most of the associates are part time/hourly.