The long-struggling Kmart store in Midtown Fort Collins will close by the end of May, part of 50 store closures the big-box retailer plans nationwide.Kmart announced in an ad in Thursday’s Coloradoan that it would begin liquidating its inventory at 2535 S. College Ave. on Thursday.The Kmart plaza in Fort Collins was sold in 2009 to Kroger Corp., the parent company of King Soopers, and has been considered a prime redevelopment spot along South College Avenue and the Mason Street transit corridor. Kroger owns the nearby King Soopers at 2325 S. College Ave., and has been holding on to the Kmart property as a potential site for a new Midtown store.OLD TOWN: New restaurant planned for Lodge space”Store closures are part of a series of actions we’re taking to reduce on-going expenses, adjust our asset base, and accelerate the transformation of our business model,” Kmart/Sears spokesman Howard Riefs said in an email.The Fort Collins Kmart store has 33 employees. Workers who are eligible will receive severance and can apply for open positions at other Sears or Kmart stores. Most associates are part-time employees, Riefs said.The closest Kmart is at 2665 W. Eisenhower Blvd. in Loveland.When asked in January about redevelopment of the South… Read full this story
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