Sears to close at Mall of America in March 2019

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

In the spring, Sears Holdings plans to close 80 additional Sears and Kmart locations around the country including its Fairview Heights store.

The accompanying Sears Auto Center at these Sears stores will also be closing, the release says.

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 company on December 27 informed store associates of the planned closure.

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Sears is closing 80 more stores as it teeters on the brink of liquidation.

It's unclear how many are employed by Sears in the Tri-Cities. But he also needed cash, and some lenders have balked because Sears has been losing money for years, and suppliers are concerned they might not get paid for goods that they ship to restock stores. That's in addition to 182 stores already slated for closure, including 142 by the end of 2018 and 40 by February.

Sears Chairman Eddie Lampert made a $4.6 billion offer to buy the US retailer earlier this month, which called for about 500 Sears stores to remain open. If he doesn't, and Sears has no other bids, the company can do one of two things: liquidate its assets, which could take months to complete, or extend the deadline.

However, Lampert hasn't officially submitted a bid.

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