Fostoria's Kmart closing in March

Sears has 24 hours to be saved

Sears has 24 hours to be saved

Earlier today, Sears announced plans to close 80 more Sears and Kmart stores. The Wicomico County Sears' auto center is scheduled to close in January. No bid was made as of 4:45 p.m., Business Insider reported.

The company filed for bankruptcy in October after it was announced it owed $5 billion to creditors. And it comes as it's lacking support from many vendors who have been reluctant to work with Sears as they fear they won't get paid.

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

The Sears at St. Clair Square is set to close in March, the store's parent company confirmed Friday.

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The closings come on top of 40 other store closures Sears expects to complete in February. Sears' chairman, Eddie Lampert, has been trying to buy the company out of bankruptcy through his hedge fund, ESL Investments. He said his plan would retain the jobs of 50,000 of the 68,000 workers employed by Sears at the time of the bankruptcy filing.

Customers can use the store locator function on our web sites to find the location of their nearest Kmart and Sears stores.

Terming any rescue effort as "akin to raising the Titanic and making it seaworthy again", NY retail industry analyst Neil Saunders on Friday said: "The lack of bids and the difficulties Eddie Lampert is having in raising financing for his own offer reflects the fact that Sears is essentially worthless".

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