Sears to close another 46 unprofitable stores in November

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FILE- In this March 28, 2018, file photo, a man walks in front of a Sears sign in San Bruno, Calif. In a move announced Monday, May 14, Sears Holdings Corp. says a special committee of its board is starting a formal process to explore the sale of its Kenmore brand and related assets. (AP […]

Sears Holdings Corp. is closing another 13 Kmart stores and 33 Sears stores as sales shrink and losses grow.

The ailing company said liquidation sales at the 46 unprofitable stores marked for closure will start Aug. 30, according to the company website. They’ll close in November.

The company said Thursday it informed its workers.

In January, Sears said it was closing 100 stores. It announced in May that it was closing another 100.

The move comes as Sears is considering a bid from CEO Eddie Lampert’s hedge fund ESL Investments to acquire its jewel Kenmore appliances from the company for $400 million.

As of May, the retailer had about 800 stores, down from about 1,000 at the end of last year and far below the 2012 peak of 4,000 stores.

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