Kingman Kmart to stay open
Area residents who have been wondering if or worrying that the Kingman Kmart store is going to close can relax.
Julie Fracker, spokeswoman in the public relations department of the company's corporate offices in Troy, Mich.
said this morning that the Kingman store is among those turning a profit in its operation and will remain open.
An Associated Press story out of Detroit stated 284 stores in 40 states and Puerto Rico would close as part of Kmart's bankruptcy restructuring effort.
The closures include 271 discount stores, 12 Kmart Supercenters and one store in Puerto Rico.
Fracker said just six stores in Arizona would close.
She identified their locations as being in Phoenix, Scottsdale, Flagstaff, Chandler, Safford and Douglas.
"The list is subject to court approval on March 20," Fracker said.
"We expect the list to be approved and stores would close 60 to 90 days later."
Kmart, the nation's No.
3 retailer behind Wal-Mart and Target, currently operates more than 2,100 stores nationwide.
The company filed for Chapter 11 bankruptcy protection Jan.
11 after lower-than-expected holiday sales, downgrades by several credit rating agencies and a drop in the price of its stock.