Watch CBS News

Troubled Kmart Will Close 5 Stores In Michigan

DETROIT (WWJ/AP) - More trouble for Kmart as they announce the closings of five stores in the state.

The latest local closures are another blow for Kmart, which evolved from the successful chain of five-and-dime stores Detroiter S.S. Kresge founded in 1899. That led to the first Kmart opening in Garden City in 1962.

In total over 600 employees will be losing their jobs. Oakland County was hit hard with two of the closings including stores in Rochester and Madison Heights.
Between those locations, 256 will be out of work. Other stores closing are in Port Huron, Flint and Burton.

The stores are slated to be shut down by early December with liquidation sales beginning this Sunday.

Eligible employees will receive severance packages.

 

TM and © Copyright 2014 CBS Radio Inc. and its relevant subsidiaries. CBS RADIO and EYE Logo TM and Copyright 2014 CBS Broadcasting Inc. Used under license. All Rights Reserved. This material may not be published, broadcast, rewritten, or redistributed. The Associated Press contributed to this report.

View CBS News In
CBS News App Open
Chrome Safari Continue
Be the first to know
Get browser notifications for breaking news, live events, and exclusive reporting.