There's some uncertainty about the future of Duluth’s only Kmart and Sears locations.
A representative from Sears Holdings Corporation told FOX 21 the company is looking for potential new “opportunities” for the Duluth properties.
Those include the Kmart in West Duluth and the Sears store and auto space at the Miller Hill Mall.
Sears Holdings says over the last six years, they’ve leased their stores to other retailers like Whole Foods, Nordstrom Rack and Aldi.
The reason, they say: To create shareholder value from the company's real estate portfolio.
See the full company statement below:
"The SHCrealestate.com website was created in 2010 to support our efforts to create shareholder value from our real estate portfolio.
The website lists several opportunities for open stores including licensing, demised spaces and out lot opportunities for which many retailers and service organizations have taken advantage.
Over the last six years, we have executed leases in stores with other retailers such as Primark, Whole Foods, DICK’s Sporting Goods, Nordstrom Rack, Forever 21, West Elm, ALDI and others.
The website also lists closed locations as well as other surplus facilities many of which are already partially leased and/or are available for alternative uses.
An open store being listed on our SHCrealestate.com website is not an indication that there are plans to close the store itself."