Lapeer Kmart Closing After 38 Years
The big-box retailers like Walmart, Target, Costco and Meijer have made it impossible for Kmart to compete in the Lapeer marketplace, so they will be closing the Kmart store in Lapeer, and others in the region. Doors are expected to close by the end of July.
The parent company of Kmart, Sears Holding Corporation, announced the changes after a poor Christmas holiday season. There are plans to close as many as 100 Kmart stores nationwide. Stores in Bad axe closed in March and the Kmart in Grand Blanc is slated for July also. A liquidation sale begins soon at the Lapeer store and will run through July.