A Kmart store in Fort Wayne is expected to close in January. A statement from Illinois-based parent company, Sears Holdings Corp. (Nasdaq: SHLD), says the move will affect 70 employees. October 10, 2013

Statement From Sears Holdings Corp. Obtained by Our Partners at WPTA 21Alive in Fort Wayne

“The Kmart store at 7530 S Anthony Blvd in Ft. Wayne will close to the public in mid-January. Until then, the store will remain open for customers. The store will begin its liquidation sale on October 27. The store closures are part of a series of actions we're taking to reduce on-going expenses, adjust our asset base, and accelerate the transformation of our business model. 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. The store in Ft. Wayne has 70 employees. They will have an opportunity to apply for positions at other Kmart and Sears stores.”

Sources: Sears Holdings Corp., WPTA 21Alive

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