Sears Closing 46 More Stores

Sears Closing 46 More Stores

Sears Closing 46 More Stores

Stores at Florence Mall in Florence, Northgate Mall in Colerain Township and Dayton Mall in Miami Township will close for good in November, Sears Holdings announced Thursday.

The company said this week it is shuttering 46 more stores in November.

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The struggling chain this week informed workers at the affected stores, and liquidation sales will begin as early as August 30. A small group of stores were initially pulled from the May list for further evaluation.

Employees at the closing stores will receive severance pay and the opportunity to apply for open positions at other Kmart and Sears stores. Among the closures is the last Sears store in Chicago, where the company was founded in 1892.

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Lampert has described the deal as "critical" for Sears. Here's the complete list of stores being closed.

Sears Department Store is closing this fall at Bloomington's Eastland Mall. The company is now headquartered in Hoffman Estates, Ill.

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According to CNN, Sears and Kmart merged in 2005. Sears shares have fallen more than 85 percent over the past 12 months and hit an all-time intraday low of $1.15 earlier this week.

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