Kmart in Vienna will close in January, officials announced today.
Sears Holding Co. has been closing its stores across the U.S.in a cost-cutting campaign amid a decline for the department-store sector.
Sears Holdings Corp., the parent company of the Sears and Kmart chains, is closing 18 Sears stores and 45 Kmart stores across the country, the company said in a statement Thursday.
The Lynchburg store is one of four Kmarts in Virginia slated for closure, according to Thursday's announcement.
Eligible associates impacted by the store's closure will receive severance and will have the opportunity to apply for open positions at other Kmart or Sears stores.
"It's important to note that these stores will remain open to serve members during the holiday season", the website further stated.
Liquidation sales will begin as early as next week at the stores that will be closing, the statement released by Sears Holdings said.
The announcement comes on the heels of the shuttering of hundreds of Sears and Kmart locations over the previous year - including the Kmart in New Dorp's Hylan Plaza.