Sears' decline continues to accelerate as on Friday the company announced that it will close 80 Sears and Kmart locations in March. The accompanying Sears Auto Centers will also be shut.
Bids were due Friday at 4 p.m.
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COAS General Bajwa joined the Christian community at Christ Church, Rawalpindi for Christmas festivities. On this occasion, I join my Christian brethren and sisters to pray for peace and harmony in the world.
- Sears announced it would close an additional 80 stores, including three in the Bay Area, as it teeters on the brink of liquidation. Sears' chairman, Eddie Lampert, has been trying to buy the company out of bankruptcy through his hedge fund, ESL Investments. Employees were informed of the closure on Thursday. That's in addition to 182 stores already slated for closure, including 142 by the end of 2018 and 40 by February. One of the stores on the list is the Kmart in Fostoria on Plaza Drive. NY time under procedures outlined in court filings, and Lampert has been the only potential buyer aiming to keep the business running.
Omaha's last Sears location, at Crossroads Mall, will go the way of many before it, closing for good in 2019.
While Lampert has said he intends to make the bid, he has not formally filed one with the bankruptcy court.