Rapid City Kmart to close

A Sears logo is seen inside a department store in Garden City New York

Earlier on Friday, Sears announced it was closing 80 more stores. The stores are expected to close by March; with liquidation sales starting in January.

The only public offer comes from the hedge fund controlled by Sears chairman Eddie Lampert, though it's not yet an official bid.

CNBC reported Friday that Sears Holding informed employees at affected stores that 80 locations around the country would close in addition to the 182 stores already announced to shutter.

If Lampert secures a bid, it would save all of Sears' remaining assets, but some creditors have said they would prefer to liquidate the company. The retail chain is looking for a buyer for about 500 of its stores and the Kenmore appliance brand in an effort to keep Sears and Kmart open.

More news: CenturyLink identifies issue that caused nationwide outage

At the time of the bankruptcy filing, Lampert said his plan could have preserved 50,000 jobs.

Additionally, the Kmart store located at 201 Ninth St S E in Rochester has also been identified as a store to close in 2019.

The company filed for Chapter 11 bankruptcy protection in October.

The company had almost 700 stores at the time of its bankruptcy filing. Last week, for example, U.S. Bankruptcy Court Judge Robert Drain allowed the beleaguered retailer to sell its home-improvement service business to Service.com for $60 million. With its network of hundreds of stores anchoring malls across America, as well as its catalog selling people virtually any item they could need, it was both the Walmart and Amazon of its day.

Related News:



Most liked

Toby Alderweireld's Tottenham contract will be extended, confirms Mauricio Pochettino
Alderweireld was expected to leave last summer as Spurs looked to cash in on him after he reportedly rejected a long-term deal. For sure it's going to be tough to add. "We played a few months ago against them".

Watch Russia Successfully Test Its Newest Hypersonic Missile System
Officials in Washington were also anxious about the rise of maneuverable missiles that can strike their targets within seconds. It is extremely hard to predict the glider's trajectory, which essentially leaves any missile defense system off-guard.

Jyoti Randhawa arrested for poaching in UP's Katerniaghat Wildlife Sanctuary
According to preliminary information, a.22 rifle and a vehicle bearing Haryana registration number were recovered from Randhawa. They even came to know that Randhawa enrolled himself and participated in global shooting competitions.

Officials in Iraq slam Trump's unannounced visit to base
Another battle on Mr Trump's hands is with the Democrats over his desire to build a wall along the U.S. border with Mexico. The militant group, also known as ISIS, has lost almost all its territory in Iraq and Syria but is still seen as a threat.

Man City boss Guardiola: Up to me to fix this
A bad afternoon for City was compounded by a red card for Fabian Delph late on. Xherdan Shaqiri and Fabinho's first Liverpool goal rounded off the scoring.

Japan to resume commercial whaling, but not in Antarctic
New Zealand's Foreign Minister Winston Peters also urged Japan to stay in the IWC. It said that numbers of species have recovered enough to permit whaling.

Crude Oil Prices Rebound After Christmas Eve Rout
The U.S. benchmark is down about 16 percent since the producer group announced the agreement. West Texas Intermediate for February delivery fell $1.41 to $44.18 a barrel.

With Trump Leaving, Syrian Kurds Seeking Support Of Damascus, Moscow Against Turkey
Trump on Saturday said that the jihadist group "is largely defeated". "And the honest answer is I have no idea", Neller answered. But President Trump's sudden decision to withdraw USA troops from Syria has overshadowed most of this year's celebrations.

Seahawks coach Pete Carroll signs multi-year extension
Carson is as chill and relaxed as a Sunday morning in Maui but he runs with a reckless abandon that is something to behold. If the Seahawks were to lose and that loss is combined with a win by the Vikings then the Seahawks would drop to a 6 seed.

Early elections in Israel as Benjamin Netanyahu disbands government
Police have recommended his indictment in three different probes and the attorney general is considering how to proceed. The Justice Ministry announced today that deliberations were continuing and were "not dependent on political events".

Trump pulls the plug on Afghanistan
Pakistan's Foreign Minister Shah Mehmood Qureshi said that the drawdown will help the peace process in Afghanistan. He said the courts are free to make their decisions and will serve the justice.

Michael Owen reveals his prediction for Man United v Huddersfield
The best Christmas present for many United fans may be the gift of being able to look forward to games with a sense of anticipation again.

Holiday closing schedule announced for Baltimore County offices
There will be no trash or recycling collection on Christmas Day and on New Year's Day and drop-off centers will be closed. Here are the opening times of the pharmacies in Rugby over the Christmas and New Year holidays.

Bears vs. 49ers: 5 top takeaways from San Francisco’s Week 16 loss
The Bears had a chance to close out the game later on the drive but an Allen Robinson fumble gave the 49ers one last chance. That formula has the Bears heading into the season finale with a chance to earn a first-round playoff bye.

Solari Hails Zidane Factor In Real Madrid Club World Cup Win
However, Solari's players proved too big a task for the host side to take on, with Real Madrid taking a lead after 14 minutes.