Jackson Sears location to close in March

Jackson Sears location to close in March

The two North Texas closings are part of 80 that will occur nationwide in March involving Sears and Kmart locations.

Total costs related to closing 73 Sears stores and 28 Kmart stores in the third quarter ended November 3 amounted to $229 million, the company said earlier this month.

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Representatives for Sears, based in Hoffman Estates, and for Bank of America declined to comment.

Kmart's parent company announced it will close the Grand Forks store in March. That's in addition to 182 stores already slated for closure, including 142 by the end of 2018 and 40 by February. The offer is subject to due diligence and ESL's ability to get financing, among other things.

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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.

The pace of the deterioration has been rapid. The accompanying Sears Auto Center at these Sears stores will also be closing. He said his plan would retain the jobs of 50,000 of the 68,000 workers employed by Sears at the time of the bankruptcy filing. He has propped up the company with funding for several years but has not submitted or lined up a bid, CNBC reported. "Whether that plan will be successful, I don't know". NY time under procedures outlined in court filings, and Lampert has been the only potential buyer aiming to keep the business running.

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