Sears in Lincoln set to close in 2019

Posted December 29, 2018

Friday's announcement is on top of the previously planned closures, which included the Sears stores in Bloomington and on Rice Street in St. Paul.

Sears Holding Corps. listed the Parkville Kmart and the Salisbury Sears among the 80 locations scheduled to close by late March 2019.

Sears Auto Center is set to close late January, while the retail portion is expected to be gone sometime in March.

The company informed associates Thursday of the upcoming closures, according to a release posted on the Sears Holdings website.

In Mississippi, Kmart's website also lists a store in Columbus.

Sears already had announced plans to shutter 182 stores after seeking Chapter 11 bankruptcy protection in October.

Bids to acquire the bankrupt retailer are due in US Bankruptcy Court on Friday at 4 p.m. - and the only buyer who has expressed any interest in keeping the lights on hasn't secured backing to close the deal, sources tell The Post.

Sears has suffered for years, as USA consumers increasingly turned their backs on brick-and-mortar stores.

While Lampert has said he intends to make the bid, he has not formally filed one with the bankruptcy court. He said his plan would retain the jobs of 50,000 of the 68,000 workers employed by Sears at the time of the bankruptcy filing.

Lampert poured millions of dollars through ESL into Sears, which struggled for years with losses and debt. He has propped up the company with funding for several years but has not submitted or lined up a bid, CNBC reported.

But the onset of discounters like Walmart created challenges for Sears that have only grown and it faced even more competition from online sellers and appliance retailers like Lowe's and Home Depot.

Some Sears creditors, including landlords and vendors, believe shutting down the company is the best way to retrieve the greatest portion of the money Sears owes them.