Rapid City Kmart to close their doors in 2019

Anna Jefferson
December 29, 2018

If someone buys those, Sears and Kmart will remain open for business and thousands of jobs could be saved.

A Kmart store in Burbank is one of 80 locations that will be shuttered by Sears Holdings as the company teeters on the brink of bankruptcy liquidation, the retailer announced Friday. The Sears Auto Center at both stores will also close. "Customers can use the store locator function on our web sites to find the location of their nearest Kmart and Sears stores".

Sears filed for bankruptcy on October 15, and has previously announced more than 180 store closures. 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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The Sears at St. Clair Square is set to close in March, the store's parent company confirmed Friday. Employees were informed of the closure on Thursday.

"Liquidation sales at these stores are expected to begin in two weeks", according to Sears Holdings.

So far a hedge fund controlled by Eddie Lampert, Sears' former CEO and now largest creditor, is the only entity to publicly disclose a plan to bid.

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Since filing for bankruptcy, the retailer has announced plans to close more than a third of its locations.

The closings come on top of 40 other store closures Sears expects to complete in February.

Lampert has to make his bid official by the end of the day.

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I'll have a good think about this over Christmas and New Year and make a decision". "Don't worry, Gary will be really hard on me". "But I don't play for them".


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