Sears at the Killeen Mall will close in March

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The notice says store closing sales will begin soon.

Forty-three Sears stores also will be shuttered, the company reported. Lansing's Sears has dodged another round of closings.

Bankrupt retailer Sears is closing both its stores in Durham, located at the Streets at Southpoint and Northgate Mall. Sears' chairman, Eddie Lampert, has been trying to buy the company out of bankruptcy through his hedge fund, ESL Investments.

The retailer, for years called Sears, Roebuck & Co. and famous for its massive catalog, boomed in the decades after World War II along with a growing middle class.

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As the deadline looms for Lampert to submit his offer, Sears advisors only have until January 4, to make the decision on whether he is a "qualified bidder".

The bid contemplates assuming protection agreements Sears has previously sold to reassure customers who have bought appliances, televisions, lawn tractors and other big-ticket items, the ESL spokesman said.

The 130-year-old retailer filed for bankruptcy in October of 2018 and has since closed 180 stores labeled "unprofitable".

Lampert proposed putting in relatively little additional cash as part of his planned bid, instead offering to forgive some of the money he is owed and then having the new version of Sears borrow money.

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Representatives for Sears, based in Hoffman Estates, Illinois, and for Bank of America declined to comment.

Store employees were notified of the closings on Thursday, the company said. "Customers can use the store locator function on our web sites to find the location of their nearest Kmart and Sears stores".

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

On Friday, the bell tolled for the Sears in Towne East Square, 7700 E. Kellogg - the last traditional Sears department store in Kansas.

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