— The Kmart at 1450 Summit Ave. will be closed come
March 2019, according to a press release from Sears
part of Sears Holdings’ processes to accelerate its
strategic transformation and facilitate its financial
restructuring, on December 27, 2018, the company
informed associates at 80 stores that we will be closing
these Sears and Kmart stores in late March 2019,” a
press release from Sears Holdings stated.
of the 80 stores that will close are Kmarts, according
to the release.
Mayor David Nold said he assumed with the other
happenings going on with Sears that Kmart would
eventually close, but just didn’t know when.
gives the owner of the property the opportunity to do
what he wants to do or maybe bring someone else in,”
on an Oconomowoc Enterprise Facebook post generated a
lot of interest and people suggested a Target Superstore
or a Meijer to replace Kmart.
said it’s sad to see Kmart close because it had been
there so long.
the competition in the area, it couldn’t compete with
what else is out there,” Nold said. “Their
corporation just didn’t keep up with everyone else.
and Kmart both were very viable when they first came
out. They just didn’t keep up with the times and what
other companies are doing.”