Rochester Kmart to close

Jeannie Matthews
December 30, 2018

The store is on the list of 80 more Sears and Kmart stores scheduled to close in late March 2019.

Liquidation - which would have been halted if a buyer stepped forward - is set to begin in two weeks.

The last-minute deal - which materialized after Lampert had struggled to line up lenders in recent days - would save about 425 stores that Sears hasn't already shuttered, according to the report. Lansing's Sears has dodged another round of closings.

A hedge fund controlled by Sears chairman Eddie Lampert is offering $4.6 billion. And Kmart on Pass Road in Gulfport closed years ago.

The final decision on Lampert's bid will be made by the judge overseeing Sears.

ESL said that should the $4.4 billion bid be accepted, 'we expect that the company that emerges from bankruptcy would offer employment to up to 50,000 associates'.

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The Sears at the Fox River Mall in Grand Chute is one of the stores that will close. The company says this is part of a transformation and financial restructuring. Whether Sears chairman Edward Lampert will formally toss his hat in the ring remains to be seen.

Sears is not indicating how many employees are affected by the closure.

When the Hoffman Estates, Illinois-based company filed for Chapter 11 bankruptcy protection in October, it had 687 stores and 68,000 workers.

Sears declined to comment. Sears' corporate headquarters was not answering further questions, either.

On Friday, the company announced 80 new closures as they try to avoid being shut down completely.

In a bankruptcy court hearing last week, Sears' attorneys said it is considering bidders for its assets who would shut down the company.

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