More Sears Stores Closing In Colorado

COLORADO SPRINGS, CO – Sears announced that it is closing 80 more stores and the once-iconic retailer could very well be on its last legs.

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.

Three Sears/Kmart locations in Colorado Springs and Pueblo are affected by the latest closures:

• Sears - 2050 Southgate Road, Colorado Springs
• Sears - 1650 Briargate Blvd., Colorado Springs
• Sears - 3201 Dillon Dr., Pueblo

Sears stores in Grand Junction, Lakewood and Centennial were already on the list, as well as the Kmart in Arvada.

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.

The Hoffman Estates, Illinois-based company filed for Chapter 11 bankruptcy in October, announcing the closure of 142 unprofitable locations at the time.

Related: Sears Bankruptcy: 2 Denver-Area Stores Will Close, 142 Nationwide

Related: Grand Junction Sears, Arvada Kmart Closing

By Feroze Dhanoa, Patch National Staff

Image: A sign announcing the store will be closing hangs above a Sears store on August 24, 2017, in Chicago, Illinois. (Photo by Scott Olson | Getty Images)

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