Sears closing 80 more stores in March, includes Mall of America location

29 December, 2018, 03:14 | Author: Corey Lynch
  • Sears facing liquidation says it will close 80 more stores

Sears has also been soliciting liquidation bids that would mean shutting hundreds of Sears and Kmart stores, and throwing more than 50,000 people out of work.

The Tri-Cities Sears store will close as part of the company's bankruptcy.

The local Kmart retail store here in Rapid City will be closing their doors late March of 2019.

On the new list of stores to close are the Sears location at Westshore Plaza and the store at 9409 US 19 in Port Richey, as well as the Kmart store on Highway 301 in Ellenton.

Sears is closing 80 more stores as it teeters on the brink of liquidation.

That's in addition to 182 stores already slated for closure, including 142 by the end of 2108 and 40 by February.




Employees at the stores were told yesterday that the locations would close in late March, according to information published alongside the list. And Kmart on Pass Road in Gulfport closed years ago.

Lampert put forward a $4.6 billion proposal to buy the company out of bankruptcy through his hedge fund, ESL Investments, on December 6. The accompanying Sears Auto Centers will also be shut.

In a statement released today by Sears Holdings.

Friday is the deadline for bids to be submitted to buy Sears Holdings out of Chapter 11 bankruptcy.

If Lampert secures a bid, it would save all of Sears' remaining assets, but some creditors have said they would prefer to liquidate the company.

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