Kmart, Sears announce more closings, including Grand Forks

Sears facing liquidation says it will close 80 more stores

CNBC reported Sears was still operating a little under 700 stores when it filed for bankruptcy on October 15.

The company said the latest list of closures are "part of Sears Holdings' processes to accelerate its strategic transformation and facilitate its financial restructuring".

Sears previously announced its stores at Citrus Park Town Center in Tampa and at Country Side Mall in Clearwater, as well as Kmart stores at 5400 E. Busch Boulevard in Tampa and 1602 W. Brandon Boulevard in Brandon.

Anyone who wants to buy Sears Holdings out of Chapter 11 bankruptcy has only a few hours left to make a move, but no one has so far.

Employees at the two stores were informed of the pending closure on Thursday.

The 80 stores are due to close by March. Liquidation sales at these stores are expected to begin in two weeks.

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Omaha's last Sears location, at Crossroads Mall, will go the way of many before it, closing for good in 2019.

It's unclear how many are employed by Sears in the Tri-Cities.

This latest round of closings would take Sears closer to 400 remaining stores, not the 500 it was seeking to continue to operate.

As of right now, Sears only has one public bidder: A hedge fund controlled by Sears Chairman Eddie Lampert is offering $4.6 billion for those assets.

However, Lampert hasn't officially submitted a bid.

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