Make us your home page
Instagram

Lutz Kmart one of dozens across the nation to close

A Kmart store in Lutz will close in March, along with dozens of other stores across the country, according to the retailer's parent company, Sears Holdings Corp.

The store at 22920 State Road 54, which has 62 employees, will close for good in mid March. Liquidation sales begin this weekend.

"Store closures are part of a series of actions we're taking to reduce ongoing expenses, adjust our asset base and accelerate the transformation of our business model," said company spokesman Howard Riefs.

The Kmart in Lutz is one of two stores in Florida that will close this year. The other is in Daytona Beach. Riefs declined to comment on how many stores across the country are closing, but reports show that closures are happening nationwide.

Some Kmart stores were sold last year by its parent company to New York-based Seritage Growth Properties. In the agreement, Sears Holdings leases back the stores from the real estate investment firm. Riefs said the local Kmart rented the space, which is owned by the Sembler Co.

Department store chains like Macy's and Sears posted poor holiday sales this year. Sears has struggled for years, and closed hundreds of its namesake department stores and Kmart stores. The retailer has seen revenue plunge year after year and by nearly half in the past decade.

Nearly every other retailer is a competitor in some way with Sears and Kmart stores. Home Depot and Lowe's compete for sales on appliances. Fast-fashion brands have diminished its apparel sales. And online retailers like Amazon continue to cut into the chains' bottom line.

In an effort to improve sales locally, the Sears store at Westfield Countryside mall in Clearwater leased part of its department store space to Whole Foods Market in 2014.

There are 44 Kmart stores in Florida, minus the two that will close. This includes stores in Tampa, St. Petersburg, Sarasota, Hudson, Ellenton, Brandon and Crystal River.

Times senior news researcher Caryn Baird contributed to this report.

Have a layaway contract with Kmart? Here's what you need to know:

1) Shoppers can pay off the contract early

2) Or transfer their layaway contract to a neighboring store or online. This process can be done in store. Cancelation fees are still applicable.

Have a layaway contract with Kmart?

Here's what you need to know:

1. Shoppers can pay off the contract early.

2. Or transfer their layaway contract to a neighboring store or online. This process can be done in store. Cancelation fees are still applicable.

Lutz Kmart one of dozens across the nation to close 01/13/16 [Last modified: Wednesday, January 13, 2016 8:03pm]
Photo reprints | Article reprints

© 2017 Tampa Bay Times

    

Join the discussion: Click to view comments, add yours

Loading...
  1. Last steel beam marks construction milestone for Tom and Mary James' museum

    Growth

    ST. PETERSBURG — Tom and Mary James on Wednesday signed their names to the last steel beam framing the 105-ton stone mesa that will be built at the entrance of the museum that bears their name: the James Museum of Western and Wildlife Art.

    The topping-out ceremony of the James Museum of Western & Wildlife Art was held Wednesday morning in downtown St. Petersburg. Mary James (from left), husband Tom and Mayor Rick Kriseman signed the final beam before it was put into place. When finished, the $55 million museum at 100 Central Ave. will hold up to 500 pieces of the couple's 3,000-piece art collection. [Courtesy of James Museum of Western & Wildlife Art]
  2. Heights Public Market to host two Tampa Bay food trucks

    Business

    TAMPA — The Heights Public Market announced the first two food trucks for its "rotating stall," which will feature new restaurants every four months. Surf and Turf and Empamamas will be rolled out first.

    Heights Public Market is opening this summer inside the Tampa Armature Works building.
[SKIP O'ROURKE   |   Times file photo]

  3. Author Randy Wayne White could open St. Pete's biggest restaurant on the pier

    Food & Dining

    ST. PETERSBURG — The story begins with Yucatan shrimp.

    St. Petersburg Deputy Mayor Kanika Tomalin, pilot Mark Futch, Boca Grande, St. Petersburg Mayor Rick Kriseman, and author and businessman Randy Wayne White,  Sanibel, exit a Maule Super Rocket seaplane after taking a fight around Tampa Bay off the St. Petersburg waterfront, 6/28/17.  White and his business partners are in negotiations with the City of St. Petersburg to build a fourth Doc Ford's Rum Bar & Grille on the approach to the St. Petersburg Pier with a second event space on the pier according to White. The group met near Spa Beach after a ground breaking ceremony for the new pier. "We want to have our business open by the time the pier opens," said White. Other Dr. Ford restaurants are located on Sanibel, Captiva and Ft. Myers Beach. SCOTT KEELER   |   Times
  4. Guilty plea for WellCare Health Plans former counsel Thaddeus Bereday

    Business

    Former WellCare Health Plans general counsel Thaddeus M.S. Bereday pleaded guilty to one count of making a false statement to the Florida Medicaid program, and faces a maximum penalty of five years in federal prison. A sentencing date has not yet been set, acting U.S. Attorney W. Stephen Muldrow of the Middle District …

    WellCare Health Plans former general counsel Thaddeus M.S. Bereday, pleaded guilty to one count of making a false statement to the Florida Medicaid program, and faces a maximum penalty of five years in federal prison. A sentencing date has not yet been set, acting U.S. Attorney W. Stephen Muldrow of the Middle District of Florida stated Wednesday. [LinkedIn handout]
  5. DOT shows alternatives to former Tampa Bay Express toll lanes

    Transportation

    TAMPA — State transportation officials are evaluating at least a half-dozen alternatives to the controversial Tampa Bay interstate plan that they will workshop with the community over the next 18 months.

    Florida Department of Transportation consultant Brad Flom explains potential alternatives to adding toll lanes to Interstate 275 during a meeting Wednesday at the DOT’s Tampa office. Flom presented seven diagrams, all of which swapped toll lanes for transit, such as light rail or express bus, in the I-275 corridor from downtown Tampa to Bearss Avenue.