Wisconsin Sears, Kmart Stores To Shutter As Deadline Approaches

WAUKESHA, WI -- A Waukesha County Kmart and a Fox Valley Sears store are both on the chopping block in 2019, according to a Dec. 28 report from Sears Holdings, Inc.

A report from CNBC on Thursday said Sears could face liquidation if hedge fund owner Eddie Lampert doesn’t make a bid for the company by Friday, Dec. 28. Lampert’s hedge fund, ESL Investments, was the only one offering to buy Sears as a whole, CNBC reported.

As the deadline for a buyer inched closer, Sears announced the additional closures. The stores will close in late March 2019 and liquidation sales at the stores will begin in two weeks, according to Sears. The Sears Auto Centers at these stores will also be closing.

The 80 closures announced on Friday are in addition to the 40 closures announced in November. Those 40 stores are slated to close in February 2019.

2 Sears/Kmart locations in Wisconsin are affected by the latest closures:

Kmart

1450 Summit Ave. Oconomowoc, Wis.

Sears

4301 W Wisconsin Ave. Appleton, Wis

Photo by Chris Dehnel/Patch