Advertisements

Journalism. We believe it should help you live a better life.

That’s why we spend a lot less time on publishing mug shots and a lot more time helping you understand the employment market, figure out how to spend more time with friends and family with our events calendar, and what you can do to help businesses that have opened up. Make no mistake…we aren’t shy. We tackle the big stuff, like COVID and issues around race.

And if you believe in the value of journalism — that it should help, not exploit — please consider becoming a paid member of the Racine County Eye today. We can’t do this work without you.

A total of 150 Kmart stores will offer their final blue light special in early 2017 and the Racine Kmart site at 2211 S. Green Bay Road will be among them, according to a story by Business Insider.

Sears Holdings owns Kmart. The Chicago Tribune reported Wednesday that Sears Holdings is borrowing money from its CEO Edward Lampert.

“The Hoffman Estates-based retailer said Wednesday that affiliates of Lampert’s hedge fund, ESL Investments, agreed to loan the company up to $500 million, backed by mortgages on Sears’ properties, to fund operations while it works to sell real estate to pay back debts.”

In the meantime, employees of 108 Kmart stores were told Wednesday that their store would close. The closures are in addition to 46 store closures announced on Dec. 27. The store in Platteville will also close.

No final dates have been announced.

 

 

Denise Lockwood has an extensive background in traditional and non-traditional media. She has written for Patch.com, the Milwaukee Business Journal, Milwaukee Magazine and the Kenosha News.