Sears may be down to its last 24 hours

Sears has 24 hours to be saved

Local Kmart among 80 Sears and Kmart stores to close

On the new list of stores to close are the Sears location at Westshore Plaza and the store at 9409 US 19 in Port Richey, as well as the Kmart store on Highway 301 in Ellenton.

Store employees were notified of the closings on Thursday, the company said.

It's unclear how many are employed by Sears in the Tri-Cities.

The accompanying Sears Auto Center at these Sears stores will also be closing. If he manages to submit the bid by 4 p.m. Friday, Sears' advisors will have a week to determine if he is a "qualified bidder".

Blue sky at night lights up social media in NY
They added this had caused an explosion and a dip in transmission in the area and that they were investigating the cause. Blue lights over the Queens borough of NY , reportedly caused by a fire at an electrical substation, December 27, 2018.

The once-dominant retailer filed for bankruptcy in October, and Lampert was seeking nearly $1 billion to support his rescue effort. Liquidation sales at the stores should begin in two weeks, Sears said.

CNBC reported Sears was still operating a little under 700 stores when it filed for bankruptcy on October 15.

A hedge fund controlled by Sears chairman Eddie Lampert is offering $4.6 billion. Should Lampert submit a bid, Sears' advisors would have until January 4 to decide whether he is a "qualified bidder".

Now comes the announcement of 80 more stores on the chopping block.

Meghan Markle and Kate's Royal FEUD: Are 'warring duchesses' swapping FASHION SECRETS?
Queen Elizabeth acknowledged Meghan Markle's pregnancy in her annual Christmas broadcast this year. In October Kate finally ditched nude tights for bare legs, something Meghan has always favoured.

Sears has told a bankruptcy court it has received several bids.

Sears' creditors have been investigating whether ESL acquired Sears valuable assets through an unfair competitive advantage. In interviews with Business Insider's Hayley Peterson in 2016, executives accused Lampert of neglecting Sears' stores and leaving them to crumble in his bid to turn Sears into a tech company.

As of the bankruptcy filing, the company employed about 68,000 people.

Two dead after bomb strikes tourist bus near Egypt's Giza pyramids
In July 2017, two German tourists were stabbed to death by a suspected militant at the Egyptian Red Sea beach resort of Hurgada. The white tourist bus could be seen with its windows shattered and surrounded by soot-covered debris.

Latest News