Sears Will Close 40 More Stores Following Bankruptcy Filing - NBC4 Washington

Sears Will Close 40 More Stores Following Bankruptcy Filing

A location in Bethesda, Maryland, is among the list of closing stores.

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    Sears Will Close 40 More Stores Following Bankruptcy Filing
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    A sign announcing the store will be closing hangs above a Sears store on August 24, 2017 in Chicago, Illinois. Sears Holdings Corporation, which owns both Sears and Kmart, said today it was planning on closing another 28 Kmart stores.

    Forty Sears stores, including a location in Bethesda, Maryland, will close their doors early next year, the retailer announced Thursday.

    Sears, which started as a mail order catalog in the 1880s, has been on a slow march toward extinction as it lagged far behind its peers and incurred huge losses over the years.

    Just three weeks ago, the company filed for Chapter 11 bankruptcy and announced it would close 142 unprofitable stores.

    The 40 store closures announced Thursday are in addtion to the previous list. 

    The new list of stores, which includes the Sears at 7103 Democracy Blvd. in Bethesda, will begin closing in February 2019. Liquidation sales are set to being late next week.

    Accompanying Sears Auto stores will also be closed, CNBC reports. 

    See the full list of closing stores here