Jackson Sears location to close in March

Sears has 24 hours to be saved

Local Kmart among 80 Sears and Kmart stores to close

At the time of the filing, it operated about 700 Sears and Kmart stores.

Peru's Kmart store at 11 Sherwood Square will be one of 80 Sears and Kmart stores closing in March of next year, Sears Holdings has just announced.

Bids were due Friday at 4 p.m. And Kmart on Pass Road in Gulfport closed years ago.

Sears announced that it expects to begin liquidation sales at the 80 stores in two weeks.

It's unclear how many are employed by Sears in the Tri-Cities. That's in addition to 182 stores already slated for closure, including 142 by the end of 2018 and 40 by February. The closures include Sears stores in the Rockford suburb of Cherry Valley and in downstate Fairview Heights, near St. Louis, according to a list from the retailer.

The Auto Centers at both locations will close in January; the stores will remain open until March.

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The odd sight was caused by an explosion at the Astoria power plant in Queens. "Blown transformer at Queens Con-Ed facility". Authorities in NY on Thursday said they were looking into a "transformer incident" following reports of an explosion.

Sears associates were told December 27 and liquidation sales are expected to begin in two weeks.

Robin Lewis, a New York-based retail consultant, questioned whether Lampert is honestly trying to save the business and bring it out of business.

Sears filed for bankruptcy on October 15.

Sears chairman Eddie Lampert proposed to buy out the company as a whole through his hedge fund, ESL Investments, for $4.6 billion.

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.

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