Local Business

Kmart on Ryan St is closing…

on

Kmart is owned by Sears (which also announced that they’re closing in Lake Charles recently).

 

Here’s a snippet from KPLCTV.com

“The Kmart in Lake Charles is closing, according to local store management.

Sears Holdings Corps. announced today that it will close 72 stores. The company said it would post a full list of closing stores today.

While management in Lake Charles confirmed the closure of the store on Ryan Street, all further questions were directed to corporate headquarters. KPLC has reached out to Sears to confirm a closing date.

The Wall Street Journal reports that sales at Sears have declined for 26 consecutive quarters.

Sears reported a $424 million first-quarter loss.”

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