Sears at Northgate Mall to close by February 2019

Sears to close Grand Island location

Sears to close Grand Island location

The days are numbered for the Sears store in La Cumbre Plaza in Santa Barbara.

This week, Sears Holdings, which owns Kmart alongside its flagship retail brand, announced 40 more Kmart and Sears stores will close in the near future.

Sales at the 40 newly targeted stores will begin next week, the company said.

All told, the closures would leave more than 600 Sears and Kmart stores in operation.

Sears, which operates both its namesake department stores and the Kmart discount chain, is trying to reorganize in Chapter 11 bankruptcy and said last month that it will close 142 unprofitable stores.

Fewer than 90,000 people still worked for Sears Holdings earlier this year, down from 350,000 in decades past.

A Springfield Kmart store will shut down along with dozens of other Sears Holdings stores.

Company officials have been negotiating for loans that would allow it to continuing operating while seeking a buyer for the company and to avoid liquidation.

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