Minnesota Kmarts Closing 30 Dec 11

Willmar’s Kmart store in the Kandi Mall is on a list of stores slated to be closed by Sears Holdings Corp., the parent company of Sears and Kmart.

Sears Holdings Corp said Tuesday that it would close at least 100 stores to raise cash and that it would no longer prop up “marginally performing” locations. The company pledged to refocus its efforts on stores that make money.

A list of 79 of the stores to be closed was posted on the Sears media website. Three other Kmart stores in Minnesota on the list are in Duluth, New Hope and White Bear Lake. Sears Holdings did not say when the stores would close.

The company says employment varies by stores and format, and it could not provide the total number of affected employees. The projected closings represent only about 3 percent of Sears Holdings’ U.S. stores.