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Sears Holdings Corp.

Kmart to close Wabash Avenue store

Kmart to close Wabash Avenue store

Kmart plans to close its Wabash Avenue store in Baltimore by early December, laying off more than 100 employees as the company works to improve its financial performance, according to a notice submitted to the state last week.

Representatives of Klein Enterprises, which owns the Wabash Avenue center, said Kmart's parent company, Sears Holdings Corp. had not notified them definitively about the decision, but believe the closure provides an opportunity to reinvent the northwest Baltimore property.

"Kmart is a failing retailer," CEO Michael Klein said. "We think we'll be able to bring in new retailers that will improve the shopping center...