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Kmart Closing Last CR Location

CEDAR RAPIDS, IA (CBS 2/FOX 28) -- The news of K-Mart's closing this December came as a surprise to loyal shoppers.

I'll miss the people here, Ill miss the deals that I get here, said shopper Angela Freund. It's like you're visiting a mom and pop store, even though it's a big name place.

Wednesday, a company representative told CBS 2 News that their lease wasn't renewed, and that the closure is quote "part of a series of actions we're taking to reduce ongoing expenses."

K-Mart says the 56 employees will have the chance to apply at other K-Mart and Sears stores.

To lose your job this close to Christmas, or lose your job anytime is a bad thing, said shopper Jackie Guthrie.

But K-mart isn't the only store on its way out. Dan Waltz owns Wildlife Habitat just a few doors down from K-Mart. His unique bird feed store is out as well.

Waltz says the owner of the shopping plaza, Atlanta based RCG Ventures, gave him the reason.

They're doing a complete remodel, they're doing a complete update is what they told me, Waltz said. So they're not renewing anybody's lease after January 15th of 2014.

It means the future of the tenants there are up in the air, including the drivers license station. The state confirmed it's looking at other locations, saying it appears likely the station is moving.

Waltz says the landlord gave him the option to move to another space in the plaza...

But they're gonna raise my rent $1,300 a month, Waltz said.

So come 2014, he's gone, as he looks to continue his entrepreneurship at a new location.

That's what happens when big business has no personal connection to the community.

The city didn't confirm any other development plans out at the plaza, only saying that the plaza has received interest from developers in the past.

CEDAR RAPIDS, IA (CBS 2/FOX 28) -- Kmart announced today it will close its final Cedar Rapids location across from Lindale Mall in mid-December.  In a statement released to CBS 2 News, the company called the closing part of the ordinary course of business of closing stores for "a variety of reasons."
   Kmart says 56 people are employed at the Cedar Rapids location.  All will reportedly have a chance to apply for positions at other Kmart and Sears stores.  Kmart will begin a liquidation sale at the location on September 29th.
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