© All Rights Reserved O2 Communications, Inc. It was announced that three Kmart stores will close in the coming weeks. (Archive / NotiCel) © All Rights Reserved O2 Communications, Inc. It was announced that three Kmart stores will close in the coming weeks. (File / NotiCel)
TransformCo, which owns Sears and Kmart stores, today announced the closure of eight stores in Puerto Rico.
The closure, which includes five Kmart and three Sears, responds to part of the restructuring and transformation process for which the chain has been working for the past year.RELATED
The closure announced includes the Kmart stores of Fajardo, Juana Díaz, Arecibo, Plaza Río Hondo and Vega Alta. Meanwhile, Sears de Fajardo, Plaza del Caribe in Ponce and Céntrico stores in Guayama will close operations.
“During the past months, we have worked hard to take the operation of the stores in the direction established by the TransformCo business model. The process has included a thorough evaluation that leads to the difficult decision to proceed with the closure of the eight stores. It is extremely important to recognize the dedication and commitment of each of our employees, as well as our business partners, ”said David Cruz, Sears Market Leader and Kmart Puerto Rico and Virgin Islands.
Liquidation sales are expected to begin in November, extending through February. The company will be offering the necessary guidance and help to employees in order to facilitate the corresponding processes.