Sears Holdings, currently in bankruptcy proceedings, revealed Friday 80 more Sears and Kmart stores it plans to close in late March 2019, hours before it announced that the hedge fund controlled by Chairman Eddie Lampert made a bid to save the company from liquidating more assets.
The long-embattled retailer, which filed for Chapter 11 bankruptcy protection in October, had already announced the closing of 143 locations by the end of the year and another 40 Sears and Kmart stores set to close in February 2019.
Earlier this month, Lampert had put forward a $4.6 billion proposal to buy the company out of bankruptcy through his hedge fund, ESL Investments. Late Friday, an affiliate of ESL, Transform Holdco LLC, made a bid for Sears that it valued at $4.4 billion.
Without a bidder, Sears Holdings could be forced to liquidate some assets. Last week, the retailer sold its home-improvement service business to Service.com for $60 million. The bid doesn't guarantee that Sears will survive. The company and its advisers must agree that it is a "qualified" bid. Transform Holdco said in a statement that the company that would emerge from bankruptcy would employ about 50,000 people.
Here is the list of 80 new store closings, according to the court filing. Liquidation sales are expected to begin at these stores in two weeks. (An asterisk indicates a Sears Auto Center closing in late January):
Kmart
Arizona
Tucson: 7055 East Broadway
California
Apple Valley: 20777 Bear Valley Road
Auburn: 2505 Bell Road
Burbank: 1000 San Fernando Road
Santa Maria: 2875 Santa Maria Way
Stockton: 2180 E Mariposa Road
Connecticut
Vernon: 295 Hartford Turnpike
Florida
Ellenton: 6126 Hwy 301
Fort Walton Beach: 200 Irwin NE
Indiana
Peru: 11 Sherwood Square
Louisiana
Metairie: 2940 Veterans Blvd.
Maryland
Baltimore: 8980 Waltham Woods Road
Minnesota
Rochester: 201 Ninth St. SE
Missouri
Crystal City: 155 Twin City Mall
Mississippi
Gulfport: 12057 Highway 49 Delmar Plaza
North Carolina
Asheville: 980 Brevard Road
Morehead City: 4841 Arendell St
Morganton: 110 112 Bost Road
North Dakota
Grand Forks: 1900 S Washington St.
Nebraska
Alliance: 1515 W 3rd St.
New Jersey
Toms River: 213 Highway 37 E
New Mexico
Roswell: 1705 S Main St 308 Dix Avenue
New York
Greenwich: 1251 State Rte 29 Ste 1O Greenwich Plaza
Horseheads: 1020 Center Street Grand Central Plaza
Queensbury: 308 Dix Avenue
Wellsville: 121 Bolivar Road
Ohio
Cleveland: 7701 Broadview Road 620 Plaza Dr 400 N East Circle Blvd.
Fostoria: 620 Plaza Drive
Oregon
Corvallis: 400 N East Circle Blvd.
Pennsylvania
Erie: 2873 W 26Th St.