Prescott Valley's Kmart closing
Kmart employees were notified Tuesday that their store, 7550 Highway 69 in Prescott Valley, will be closing and that they should anticipate being laid off in early April.
Every employee received a written notice from the store's human resources department regarding the closure that they were told to sign, according to a local employee who wishes to remain anonymous.
The notice states:
"Please be advised that due to a change in business circumstances, the Company will permanently cease its operations at 7550 EAST HIGHWAY 69, PRESCOTT VALLEY, AZ, 86314. We hope to accomplish this closing with the least possible disruption to the lives of our associates and the community. We anticipate your employment will terminate on or about April 3, 2016."
The employee said, "It's a sad day for all employees. I can sum up this whole thing in two words: Wal-Mart won."
Wal-Mart opened its third location in the quad-city area along Glassford Hill Road in Prescott Valley two years ago this month.
Just about a mile away, Prescott Valley's Kmart has been in business since the early 1990s.
Prescott's Kmart, which was located in the Safeway shopping center off Willow Creek Road, closed in November 2009.
Kmart falls under Sears Holdings of Hoffman Estates, Illinois, which was formed in 2005 when Sears and Kmart stores merged.
Calls to the corporate office were not immediately returned.
Follow Max Efrein on Twitter @mefrein. Reach him at 928-445-3333 ext. 1105, or 928-642-7864.