One day relatively soon, it’s likely Ripon’s Kmart will close.

   Whether it’s two months or two years from now, it’s probably coming.

   That’s the opinion of a Ripon economist who’s been following the Chapter 11 bankruptcy of Sears Holdings Corp., which owns the Kmart brand.

   “Long-term, it looks like it’s not going to work for them,” said Paul Schoofs, a professor of economics at Ripon College, of Sears’ bankruptcy bid.

   Current bankruptcy plans, filed last week Monday, call for the closure of many Sears and Kmart locations. Thus far, Ripon’s Kmart has not been named among them.

  But if Chapter 11 bankruptcy doesn’t work — as it hasn’t for such iconic brands as Toys ‘R’ Us — then all would close, Ripon’s location included.

   The question then is, what would the loss of Kmart mean for Ripon? And could it acquire another “big box store” to replace it?

Read the full story in the Oct. 25, 2018 edition of the Ripon Commonwealth Press.