KMart in Newport will close March 30, according to sources.
Sears Holding Corp, who owns Kmart, announced in late 2011 that they would be eliminating between 100-120 stores in 2012 and 2013. The Newport location was not one that was on the chopping block last year, which was a surprise.
My original prediction was about a year and a half off.
We are working on getting more information from Kmart's corporate office, but typically when they announce the closure of stores, they start a liquidation sale almost right away.
A manager who wished to remain nameless said that the sale should start on Monday and if the shelves are empty before March 30, they'll obviously close before then.
So why now?
While Ben addressed the rumor of the Wal-Mart buying the Newport Shopping Center, this new development certainly does nothing to stop the whispers that the Arkansas retail giant could be making its way to Newport.