Sears Holdings plans to close another 142 unprofitable stores, as part of its Chapter 11 bankruptcy, on top of 46 store closings announced in August.
Liquidation sales at the additional stores are expected to begin within two weeks, according to a court filing.
"As we look toward the holiday season, Sears and Kmart stores remain open for business and our dedicated associates look forward to serving our members and customers," Sears chairman Eddie Lampert said in a statement.
The company has 687 stores remaining, including Kmart locations.
It's possible more stores – even all stores – could end up closing if the company fails to reach a viable restructuring agreement in bankruptcy.
The company has closed several hundred stores in recent years as it tries to stabilize its finances amid deteriorating sales. The most recent round, announced Aug. 23, involved plans to close 13 Kmart stores and 33 Sears locations in November.
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