Sears closing 80 stores, including two in Maryland, amid bankruptcy deadline

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

The accompanying Sears Auto Centers will also be shut down, according to the release.

Sears could choose to extend the deadline it set to give potential bidders more time to finalize plans or secure financing.

Of the 80 locations to close, 43 are Sears stores and 37 are Kmart.

A manager at the Kmart in Fostoria declined to answer questions, such as how many people are employed at the store. The stores are expected to close by March; with liquidation sales starting in January.

These closures are in addition to the previously announced closure of 40 unprofitable stores expected to be completed in February, the release says.

Messi backs Barcelona teammate Dembele to join world's elite
Speaking of the snub, the Barcelona star said, "I heard the nominees for the Ballon d'Or and I knew I would not be in the fight". Messi however acknowledged that the Portuguese goal machine gave the reason to go the extra mile and bring out the best in him.

The 80 stores are due to close by March. The include two Sears stores in Novi and Muskegon, but no Kmart stores in MI.

Minnesota stores include the three-level location at the Mall of America, which was not originally on the list of stores closing.

Columbia Center's movie theater also recently closed but is being replaced by a Dick's Sporting Goods, now under construction. The company's chairman, Eddie Lampert, is believed to be attempting to purchase the company through the hedge fund he manages, ESL Investments.

Last week, a bankruptcy court allowed Sears Holdings to sell its home improvement service businesses to Service.com for $60 million.

But no official bid appeared to have emerged as of 4 p.m. Friday.

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