Another 40 Sears, Kmart stores closing: See a list and map

Another 40 Sears, Kmart stores closing: See a list and map

Sears and Kmart to close 40 more locations

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.

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

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.

Sears Holdings said Thursday it plans to close 40 more stores early next year as it continues to slim its business and seeks to stymie losses under bankruptcy protection.

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.

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.

Talks with ESL though, stalled, after disagreements about who had first claim on some of Sears few remaining assets, people familiar with the matter have told CNBC. ESL is led by Sears chairman, Eddie Lampert.

Sears has now shifted to trying to finalize a separate second loan, people familiar tell CNBC. Those negotiations remain in flux, those people added.

The people requested anonymity because the information is confidential. Sears and ESL both declined to comment on the financing.

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.

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