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The Kmart in Rapid City failed to survive the latest round of Sears Holdings.

The Sears at the Towne East Mall on East Kellogg is among 80 that will be closing nationwide in March.

The department store operator told employees Thursday that it plans to shut another round of Kmart and Sears stores next year, CNBC reported. Sears faces a self-imposed deadline of 4 pm ET on Friday for bids. The include two Sears stores in Novi and Muskegon, but no Kmart stores in MI. It filed for bankruptcy in October with about 700 stores still open, but plans to close 142 unprofitable locations.

The company, which had almost 700 stores at the time of its bankrutpcy filing, has been seeking a bidder willing to keep 500 of the remaining stores open as part of a reorganization of the business.

It was revealed Friday, December 28, that the nation-wide retailer's location at Charlottesville Fashion Square would be closing [PDF]. In November, it announced the closure of 40 additional stores. Liquidation sales at these stores are expected to begin in two weeks.




The once-dominant retailer filed for bankruptcy in October, and Lampert was seeking nearly $1 billion to support his rescue effort.

Sears chairman Eddie Lampert proposed to buy out the company as a whole through his hedge fund, ESL Investments, for $4.6 billion.

Lampert has to make his bid official by the end of the day.

You can find the complete list of locations slated for liquidation below.


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