Sears Holdings has announced that they will be closing one of its stores located at the Kukui Grove Center on the island of Kauai. Approximately 41 employees will be laid off by the end of July, though affected workers are encouraged to apply for positions at other Kmart or Sears stores. Company spokesman Howard Riefs stated, “As a part of the ordinary course of business, we close stores for a variety of reasons. This store is being closed because the lease was not renewed. The 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.”
Source: Honolulu Star Advertiser, 5-17-2013, www.staradvertiser.com
Posted by Jeff Uyemura-Reyes, Broker-in-Charge, Realtor®
Global Executive Realty, LLC
www.myhawaiihomesearch.com
www.myhawaiicondo.com
www.myhawaiidreamhome.com
Posted by Jeff Uyemura-Reyes, Broker-in-Charge, Realtor®
Global Executive Realty, LLC
www.myhawaiihomesearch.com
www.myhawaiicondo.com
www.myhawaiidreamhome.com
