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Burlington Coat Factory Warehouse Corp. will open a new Austin store and move an existing store next fall in former Kmart buildings.
Troy, Mich.-based Kmart Corp. closed its stores at 13749 N. U.S. Highway 183 in Far Northwest Austin and 6715 S. I-35 in Southeast Austin earlier this year as part of 283 store closings in 40 states. The company laid off 130 local employees. Kmart's store at 2506 W. Parmer Lane in North Austin remains open.
Burlington, N.J.-based Burlington Coat Factory [NYSE: BCF] picked up the two Austin stores and nine others around the country as a package from Kmart amid Kmart's reorganization under Chapter 11 bankruptcy.
Stacey Kelleher, a spokeswoman at Burlington's headquarters, says Austin has been a good market for the company.
"We see a need to grow there, so the...