Kmart in Springfield to shut down

Kmart in Springfield to shut down

Another 40 Sears, Kmart stores closing: See the map

The retailer is already in the process of closing about 188 stores: 142 announced in October that will close around the end of 2018 and 46 announced in August that will close in November.

Taken together, the closures are expected to leave the company with fewer than 500 locations remaining. The company has estimated it has about 400 stores that could be profitable on their own if it survives bankruptcy.

Most stock quote data provided by BATS. Market indices are shown in real time, except for the DJIA, which is delayed by two minutes. All times are ET. Disclaimer. Morningstar: © 2018 Morningstar, Inc. All Rights Reserved. Factset: FactSet Research Systems Inc.2018. All rights reserved. Chicago Mercantile Association: Certain market data is the property of Chicago Mercantile Exchange Inc. and its licensors. All rights reserved. Dow Jones: The Dow Jones branded indices are proprietary to and are calculated, distributed and marketed by DJI Opco, a subsidiary of S&P Dow Jones Indices LLC and have been licensed for use to S&P Opco, LLC and CNN. Standard & Poor's and S&P are registered trademarks of Standard & Poor's Financial Services LLC and Dow Jones is a registered trademark of Dow Jones Trademark Holdings LLC. All content of the Dow Jones branded indices © S&P Dow Jones Indices LLC 2018 and/or its affiliates.

Heres the map of the latest round of 40 stores set to close in February. Sears Auto Store locations alongside these stores are also closing.

The additional store closures come as Sears is still looking to formally secure the money it needs to stay in operation long enough until it can find a potential buyer to avoid liquidation. It had interim approval for $300 million in emergency financing and was in talks with hedge fund ESL Investments for another $300 million loan, according to bankruptcy filings.

SPRINGFIELD, Ill. (WAND) – A Springfield Kmart store will shut down along with dozens of other Sears Holdings stores.

The company says 40 stores in total will close in February, with liquidation sales beginning in the second half of the week of Nov. 12, according to CNBC. The Kmart store at 3250 Clear Lake Road in Springfield is closing.

The retailer filed for bankruptcy on Oct. 15 with roughly 700 Sears and Kmart stores in operation. It announced at the time it would be closing 142 unprofitable stores and warned more closures could follow.

Sears Holdings already planned to close 142 other stores it called unprofitable by the time 2018 ends. It filed for bankruptcy in October.

Sears said liquidation sales at the 40 locations set to close in February will start late next week. (See a full list below.) The accompanying Sears Auto stores will also be shut, according to the company.

The network points out other retail companies are also closing brick-and-mortar stores, including Toys R Us, Bon-Ton and others.

DECATUR, Ill. (WAND) – A body was found at the scene of where police responded to a shots fired call late Thursday. 

SPRINGFIELD, Ill. (WAND) – A Springfield Kmart store will shut down along with dozens of other Sears Holdings stores.

GALESBURG, Ill. (WAND) – Deputies arrested three men after finding marijuana packed into suitcases. 

RIVERTON, Ill. (WAND) – A father is in critical condition after trying to rescue his toddler son who died in a Riverton mobile home fire.

CHAMPAIGN, Ill. (WAND) – Police are investigating an Urbana man’s death after he died in the hospital.

SHERMAN, Ill. (WAND) – Police have identified two people of interest after finding a blade in a piece of Halloween candy. 

OLD BERLIN, Ill. (WAND) – The Sangamon County Coroner released the name of woman who died in a Thursday car crash.  

ILLINOIS (WAND) – There are three confirmed cases of acute flaccid myelitis (AFM) in Illinois, according to health officials.

Posted in Springfield