Evergreen Way Kmart to close in September

EVERETT — The Kmart store at 8102 Evergreen Way plans to close in mid-September as the company reduces its on-going expenses and seeks to transform its business model.

The store has 65 employees, most of whom are part-time or hourly, said Howard Riefs, director of corporate communications for the Sears Holdings Corp., which operates both Sears and Kmart, in an email.

Those employees can apply for jobs at nearby stores within the company. Employees who are eligible also will receive severance, Riefs wrote.

Kmart has occupied that corner of Everett for 48 years, opening in September 1966. The only other Kmart in Snohomish County is in Marysville and that store won’t be affected, Riefs wrote.

The store will begin a liquidation sale Thursday.

The closure is part of a corporate-wide effort to cut costs and adjust the company’s asset base, Riefs wrote.

“These actions will better enable us to focus our investments on serving our customers and members through integrated retail – at the store, online and in the home,” Riefs wrote.

Last winter, Kmart and Sears suffered through what CEO and hedge fund billionaire Eddie Lampert called a “tough to terrible” holiday season for the company.

Lampert combined Sears and Kmart in 2005, about two years after he helped bring Kmart out of bankruptcy. It faces mounting pressure from nimbler rivals like Wal-Mart Stores Inc. and Home Depot.

Sears is shifting away from its focus on running a store network into a member-focused business. Loyal shoppers receive incentives to buy. Its results have been hurt as it continues traditional promotions while investing in its membership program dubbed Shop Your Way.

More in Herald Business Journal

Peoples, HomeStreet banks bump lowest salaries after tax cut

The banks with Snohomish County branches will raise minimum salaries for employees to $15 an hour.

Electroimpact cuts Mukilteo staff by 9 percent

“What we’re missing now is a monster anchor project,” the company’s VP said.

Exotic animals find compassionate care in Bothell (video)

At the Center for Bird and Exotic Animal Medicine, vets treat snakes, hedgehogs and even kangaroos.

How can you tell if you are getting good financial advice?

Assume that it’s still the same buyer-beware market that has always existed.

Amanda Strong (left) tries on an Angel of the Winds Arena hat as she and Courtney Brown hand out gift bags after the renaming ceremony Dec. 13 in Everett. The new name replaces the Xfinity name. (Andy Bronson / Her file)
Angel of the Winds to break ground on $60M casino expansion

“We think we’re on the cusp of becoming a major resort.”

In this Dec. 20, 2017, photo, a clerk reaches to a shelf to pick an item for a customer order at the Amazon Prime warehouse, in New York. (AP Photo/Mark Lennihan, File)
Amazon’s potential HQ2 sites leaves many cities disappointed

And yet, some municipal leaders are looking at the bright side of being rejected.

How do you retrieve an errant Boeing 737 from a muddy slope?

Turkish authorities used cranes to lift a plane that skidded off a runway.

Don’t take economic forecasts to the bank — or the casino

Air travel delays could spur a rebirth of passenger rail service.

Emirates orders 20 more Airbus A380 jumbos, saving program

The Dubai carrier also has options to buy 16 more. The program seems safe until 2029.

Most Read