Sears announces more store closures, including Mall of America location

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

Sears Holdings came close to losing a lot of assets, the corporation owns Sears and Kmart stores nationwide.

Earlier on Friday, Sears announced it was closing 80 more stores. With its closure in March, there will be no more full-line Sears department stores left in Minnesota. And Kmart on Pass Road in Gulfport closed years ago.

Sears Chairman Edward Lampert earlier advanced a $4.6 billion proposal to buy the company out of bankruptcy through his hedge fund, but he hasn't officially submitted a bid. The Sears Auto Center at the location will also be closing in January.

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At the time of the bankruptcy filing, Lampert said his plan could have preserved 50,000 jobs.

Sears stores in Novi and Muskegon will close in MI.

The WestShore Plaza Sears is the only Tampa Bay location included in the list, which has six other Florida stores.

The charges entail markdowns, severance costs and lease termination costs arising from store closures, which the company announced in October, when it filed for Chapter 11 bankruptcy protection.

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If Lampert secures a bid, it would save all of Sears' remaining assets, but some creditors have said they would prefer to liquidate the company.

At the end of November, Sears offered grim projections for holiday sales, expecting to burn through cash most weeks.

Sears dates back to the late 1880s. Last week, US Bankruptcy Court Judge Robert Drain gave initial approval for the $60 million sale of Sears' home improvement business to

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