The Kmart on Walden Avenue is Cheektowaga is on a list of 64 Kmarts closing in 28 states across the United States. A number of employees talked with media outlets, saying they were informed of the closings Friday. We expect liquidation sales to begin Thursday, with all the stores to be closed by January.
The new wave of closures follows Sears' decision to shut down nearly 80 stores — most of which were Kmart stores — in July. Moody's analysts warned last week that Kmart does not have enough cash or access to cash to stay in business. Kmart has about 870 stores today, down from about 1,300 in 2012.
One other Kmart in New York State - in Binghamton - is also on the closure list.