NEW YORK (AP) — Sears is closing 80 more stores as it teeters on the brink of liquidation. The 130-year old retailer set a deadline of Friday for bids for its remaining stores to avert closing down completely.
- 3 Ohio Sears stores will close
- 2 Ohio Kmart stores will close
- Sears filed for Chapter 11 bankruptcy in October.
Three Ohio Sears stores will close. Two are located in Columbus, the other in Springfield. Additionally, two Kmart stores in Ohio are also affected. They are located in Cleveland and Fostoria.
The retailer that began out as a mail order catalog in the 1880s has been in a slow death spiral, hobbled by the Great Recession and then overwhelmed by rivals both down the street and across the internet.
The 80 stores are due to close by March. That's in addition to 182 stores already slated for closure. The company filed for Chapter 11 bankruptcy protection in October.