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Campus Times
April 19, 2002


photo by Jennifer Contreras

After 12 years, the La Verne branch of the chain retail store Kmart will be shutting down due to the chain's bankruptcy. Kmart, the nation's third largest retailer, filed for bankruptcy on Jan. 22, and will be closing 284 stores nationwide, leaving 22,000 employees out of work. The La Verne branch, located on Foothill Boulevard, is one of 16 branches in California that will be shutting down permanently. The store currently is going through a sale process to sell all the inventory in stock. Prices have been reduced up to 70 percent and will possibly continue to be cut until the shelves are empty. It is then that the store will finally close its doors forever.


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