Kmart store in Oconomowoc to close in March

Kmart in Oconomowoc will close in late March, parent company Sears Holdings Corp. announced today.

The store, located at 450 Summit Ave., is one of 80 “unprofitable” Kmart and Sears stores throughout the country that will shut down in March.

Liquidation sales at these stores are expected to begin in two weeks, according to the announcement.

The wave of closures is in addition to the 40 Kmart and Sears closures that Sears Holdings announced early last month. Those stores, including the Kmart store in Cudahy, will close in February.

More than 200 closures have previously been announced by the company.