GRAND CHUTE, Wis. (WBAY) – Sears is closing 80 Sears and Kmart stores, including one in the Fox Valley.
On Dec. 27, Sears told employees that it would be closing these stores in March 2019.
Liquidation sales will start in January. The Sears Auto Centers at these stores will also close.
Sears will also close its store in Oconomowoc.
The retailer says it is accelerating “its strategic transformation” during financial restructuring. In October, Sears filed for Chapter 11 bankruptcy protection. The company announced it would close 142 stores of its roughly 700 stores.
Friday is the deadline for potential buyers to submit a bid for the company’s assets.
In November, Sears announced 40 additional stores deemed “unprofitable” would close in February 2019.
Now comes the announcement of 80 more stores on the chopping block.