(Neb)-Alliance, Rapid City K-Marts To Close By March
ALLIANCE - Sears has announced it's closing 80 more stores by next March including the K-Marts in Alliance and Rapid City and Sears stores in Lincoln and Omaha.
That's in addition to 182 stores already slated for closure. The company had about 700 stores when it filed for Chapter 11 bankruptcy protection in October .
Sears broke the news to employees on Thursday with liquidation sales expected to begin at all 80 stores in 2 weeks.
The 130-year old retailer had set a deadline of Friday for bids for its remaining stores to avert closing down completely.
The retailer that began out as a mail order catalog in the 1880s has been in a slow death spiral, hobbled by the Great Recession and then overwhelmed by rivals both down the street and across the internet.
Back to News
Printer Friendly Version
Send Story to a friend.