Kmart shoppers are devastated after the retail giant announced that it will be closing one of its popular stores after almost 40 years of serving loyal customers.

It has now been confirmed that the shop, located in Melbourne’s Northcote Plaza, will close in November later this year, after being open since August 1981.

Kmart, along with two Coles supermarkets in the shopping complex, has been bought by private investors for around $60 million in total, as reported in Commercial Real Estate.

New Lease On Life

A developer-investor, WA-based Ly Pty Ltd, bought the Kmart store and it is understood the new owner intends to reposition the large one-hectare property once Kmart vacates.

Kmart spokesman Steven Mann spoke to local newspaper the Northcote Leader saying that around 135 staff members had jobs at the store and assured permanent staff that they would be relocated to other jobs once the store closed its doors.

Tried This? RATE IT Now…

image of Baby Bellies Organic Beetroot and Strawberry Lentil Wheels
Baby Bellies Organic Beetroot and Strawberry Lentil Wheels

Submitting your rating…

Many shoppers have expressed disappointment that the shop will be closing down – especially after providing a discounted retail fix for almost 40 years.

However, others recognise that the centre desperately needs an overhaul and with Kmart gone, many shoppers will take their dollars elsewhere.

Last year, parent company Wesfarmers reported that earnings for Kmart and Target had been “below expectations” and that sales for Kmart had been flat in 2019.

Big W Closures

This closure comes at a time when another discount retailer Big W, is starting the process of shutting down 30 stores across the country.

The Auburn store, together with nearby Chullora and Fairfield, are the first three Big W stores to shut its doors.

Elsewhere across the country, 2020 has already been plagued with many retailers shutting shop. Popular fashion accessory brand Collette has recently gone into administration. Harris Scarfe and EB Games have also announced store closures.

Are you affected by the Kmart or Big W closures? Tell us in the comments below.

  • So many businesses are struggling – it’s sad

    Reply

  • Yes l am devastated about K mart closing at Northcote plaza & the 2 Coles stores aswell as l live in between Balaclava & Northcote and that is where l do all my weekly shopping & most of my clothes shopping for my young Daughter all of the other clothes shop’s in Northcote are very Expensive Especially for children l am only a single mother

    Reply

  • I would be devastated if my local Kmart closed down. It’s our go to store for so many items

    Reply

  • I do love Kmart but I only shop there about twice a year. That’s because I live at least 3 hours away from the closest store.

    Reply

  • Thankfully my local Big W is safe at this time and my closest Kmart is 25 mins away so I don’t go that often

    Reply

  • It’s a pity indeed, I love Kmart !

    Reply

  • Kmart needs a huge shake up- they may be cheap but the product quality is below average! I will never buy kid’s clothes from there due to the bad wear, and I recently bought a stone look cooking pot and after just a couple of months of limited use (maybe not even once a week), it is already starting to peel inside.

    Reply

  • I’m not affected by these, but so many of my favourite stores are closing down. It’s so sad really.

    Reply

  • Sad to see it go this is happening quite alot.

    Reply

  • Our store revamped – no longer is it K-Mart, useless store, can’t find anything and nothing that I want is available. Checkout in the middle of the store then you have to show your receipt as you leave – what a lot of rubbish. I now shop at the nearby discount store.

    Reply

  • Not near me but I hope we don’t lose the Kmart and Big W’s that are close as that’s where I mainly shop for things other than groceries.

    Reply

  • I think Companies are pandering too much to their share holders rather than providing a service to their customers. I have NEVER seen an empty Kmart store. Have you?
    My local Big W has removed all their checkouts except for one. How many people lost their jobs?

    Reply

  • another article called it a favourite store but if it was a fave store it wouldn’t be closing

    Reply

  • Bit of a bummer. This affects me as its my closest Kmart and was just in there buying up last minute stuff for our new baby who arrives next week. It is definitely a centre that needs an overhaul but sad to see it go.

    Reply

  • It must be difficult for stores to compete with online sales.

    Reply

Post a comment
Like Facebook page

LIKE MoM on Facebook

Please enter your comment below
Would you like to include a photo?

No picture uploaded yet
Please wait to see your image preview here before hitting the submit button.

Your MoM account

Lost your password?

Enter your email and a password below to post your comment and join MoM:

You May Like

Loading…

Looks like this may be blocked by you browser or content filtering.

↥ Back to top

Thanks For Your Star Rating!

Would you like to add a written rating or just a star rating?

Write A Rating Just A Star Rating
Join