Sears closing 80 stores in March, including Fostoria Kmart
29 December, 2018, 03:11 | Author: Sara Gill
The company released a list of the closing Sears and Kmart locations online and released the following statement.
Up against a deadline to find its way out of bankruptcy, Sears announced Friday it planned to close 80 more stores in March. The Sears Auto Center at both stores will also close. No bid was made as of 4:45 p.m., Business Insider reported.
Failing a successful purchase bid, Sears is facing the possibility of liquidation, ending the company's 125-year run as one of the country's best-known retailers.
Sears told workers this week that it expects to begin liquidation sales at the 80 stores (addresses listed below) in two weeks. This is in addition to the previously announced closure of 40 unprofitable stores expected to be completed in February 2019.
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