David Smith | GCA News
The Kmart at 530 Donelson Pike is one of three stores statewide that the discount retailer’s parent company plans to shut down in its latest downsizing. According to store employees, the closing of the Donelson Kmart location is scheduled for January 28 of next year.
Liquidation sales prices were rolled out on November 9. The store is to remain open through the upcoming holiday season.
The shopping center that includes Kmart, located on Donelson Pike, sold for $5.8 million in June, according to a spokesperson for the partnership that includes real estate investor Nick Spiva.
The more than 130,000 square foot property sits on nine acres at 519-530 Donelson Pike.
Along with Kmart, the shopping center includes Ruby Tuesday restaurant and a Cricket Wireless, among other tenants of the Nashville airport-area shopping center.
Last week, Sears Holdings, which owns Kmart, informed employees at 45 Kmart and 18 Sears stores nationwide who would be affected by the late January closings.
Closing stores in Tennessee include locations at 560 S. Jefferson Ave. in Cookeville and at 1806 N. Jackson St. in Tullahoma, in addition to the Donelson store.
“…We will continue to close some unprofitable stores as we transform our business model so that our physical store footprint and our digital capabilities match the needs and preferences of our members,” the company said.
Sears Holdings said eligible employees affected by the store closures will receive severance and have the opportunity to apply for open positions at area Sears or Kmart stores.