The Kmart store at 3808 Brady Street will begin liquidating in mid-November, and the store will close in mid-January.
"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," sand Sears Holdings Corporate Communications Director Howard Riefs.
Sears announced in November 2014 it will sell off hundreds of stores. A month earlier, the company announced it was closing 77 Sears and Kmart stores, including locations in Iowa and Illinois, and cutting thousands of jobs. The Kmart in Sterling, Illinois closed in January 2014.
Riefs said the company hoped customers of the shuttered locations would continue to shop online, through their Shop Your Way and Integrated Retail channels. If you have a layaway contract at the Brady Street store, you must take action to either pay it off early or transfer it to another store or online.
The store will begin its liquidation sale November 12, 2015; it will remain open to customers until it closes to the public in mid-January 2016.
The Rock Island and Moline stores are not impacted, Riefs said.
The Brady Street store has 59 employees, most of whom are part-time and paid by the hour. Some of the store's employees will be eligible for severance, and some can apply for open positions at other area Sears and Kmart stores, Riefs said.