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72 Kmarts To Close

Bryce Dallas Howard arrives for the premiere of "Lady in the Water" at the American Museum of Natural History in New York on July 17, 2006. Howard, daughter of director Ron Howard, plays The Lady in the film about a mythical creature found living under a pool.
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Kmart Corp. has announced it is closing 72 of its less-profitable stores and holding a massive chain-wide blue-light special to get rid of its extra inventory.

The nation's No. 3 retailer, struggling against Wal-Mart and Target to keep the attention of shoppers, is in the midst of an ambitious yearlong plan to build its presence on the Internet as well as renovate and open new stores.

Most of the 72 stores will be shut down by November 1. That represents 3.3 percent of its 2,165 stores. Kmart says it is not worth the investment to try to make the stores profitable, because of their bad location or unsuitability for expansion.

The retailer also will put the mounds of merchandise filling its warehouses on sale and invest in more efficient inventory control.

Kmart announced at its shareholders' meeting in May that it would spend $340 million to open 20 new Big Kmart stores, expand 12 to 15 existing stores and adding five new Super Kmarts -- 24-hour centers that combine traditional Kmart discount stores with full grocery operations.

Kmart's stock price is worth less than half its value a year ago. It peaked at $15.25 on June 28, 1999, and was worth $7.06 at Monday's close.

These 66 stores will be closed as of November 1, 2000:

Alabama

  • 727 North 9th Ave., Bessemer
  • 1840 Douglas Ave., Brewton

    Arizona

  • 8515 N W Grand Ave., Peoria

    Arkansas

  • 4124 East McCain Blvd., North Little Rock

    California

  • 5400 Auburn Blvd., Sacramento
  • 510 E. Virginia Way, Barstow
  • 150 Beach Rd., Marina
  • 1095 South Pulllman, Anaheim
  • 2761 Jensen Ave., Sanger
  • 1388 East Main St., Woodland
  • 910 N. Main St., Bishop

    Florida

  • 13355 US Hwy. 1, Sebastian
  • 945 West Hwy. 436, Altamonte Springs
  • 1200 Homestead Rd., North, Lehigh Acres
  • 3701 Tamiami Trail East, Naples
  • 13100 66th Street N, Largo
  • 3941 Cattleman Rd., Sarasota
  • 1280 Palm Coast Pkwy, SW, Palm Coast

    Georgia

  • 240 Banks Crossing, Fayetteville
  • 1701 Mountain Industrial, Stone Mountain
  • 1106 North St. Augustine, Valdosta

    Illinois

  • 6435 W. Diversey, Chicago
  • 17W734 22nd Street, Oakbrook Terrace
  • 21000 S. Cicero Ave., Matteson
  • 1500 S. Elmhurst Rd., Mount Prospect
  • 1050 North Rte. 53, Addison
  • 510 South Rte. 59, Naperville
  • 450 Airport Rd., Elgin
  • 1555 South Lake St., Mundelein
  • 750 East Rand, Arlington Heights

    Indiana

  • 750 Clifty Dr., Madison
  • 305 E. Hwy. 131, Clarksville

    Kansas

  • 4301 State Ave., Kansas City
  • 13110 W. 62nd Terr., Shawnee

    Kentucky

  • 400 Campbellsville Bypass, Campbellsville

    Louisiana

  • St. Charles Plaza, 12717 Hwy. 90, Luling
  • 2800 S. MacArthur Dr., Alexandria

    Maryland

  • 744 Cambridge Plza, Cambridge

    Michigan

  • 3900 E. Outer Dr., Sherwood Plaza, Detroit
  • 3175 Alpine Ave. NW, Walker

    Minnesota

  • 5930 Earle Brown Dr., Brooklyn Center

    Mississippi

  • 3174 Bienville Blvd., Ocean Springs
  • 597 Beasley Rd., Jackson

    Missouri

  • 1717 Rangeline Rd., Joplin
  • 915 S. Jefferson Ave., Lebanon
  • 1225 S. Kirkwood Rd., Kirkwood
  • 3200 Laciede Station Rd., Maplewood
  • 3861 Gravois Ave., St. Louis

    Montana

  • 611 S. Haynes St., Miles City
  • 4400 Tenth Ave. S, Great Falls

    New Hampshire

  • Mountain Valley Mall, Rte. 16, North Conway

    New York

  • 4930 State Hwy. 30, Amsterdam

    North Carolina

  • 1402 Western Blvd., Parkhill Shopping Center, Tarboro

    Ohio

  • 1830 E. Main St., Kent
  • 445 Midway Blvd., Elyria
  • 2500 W. State St., Carnation Mall, Alliance

    Oregon

  • 1475 Mount Hood Hwy., Woodburn
  • 63455 Hwy. 97N, Bend

    Pennsylvania

  • 70 98 E. Forrest Ave., Shrewsbury
  • 24 Airport Square, North Wales
  • 2400 Rte. 61, Coal Township

    Rhode Island

  • 288 E. Main Rd., Main Shopping Plaza, Middletown

    Texas

  • 4902 Fredericksburg Rd., San Antonio

    Washington

  • 1015 S. Boone, Aberdeen

    West Virginia

  • 701 Oakvale Rd., Princeton

    Wisconsin

  • 2400 W. College Ave., Appleton

    Additionally, six other stores in California, Ohio and New York will be closed later this year.