Parkville Kmart On New List Of Store Closures

MARYLAND — Sears announced that it is closing 80 more stores, as the deadline for a buyer of the bankrupt company approaches. Of the store closings announced on Friday, two are in Maryland.

The stores will close in late March 2019, and they will host liquidation sales starting in two weeks, according to Sears.

One Kmart and one Sears store in Maryland are affected by the latest closures:

• Kmart, North Plaza Shopping Center, 8980 Waltham Woods Rd, Parkville
• Sears, The Centre at Salisbury, 2306 N Salisbury Blvd, Salisbury; auto center closing late January 2019

Sears Holdings, which owns both Sears and Kmart, filed for Chapter 11 bankruptcy in October.

At the time, it announced it would close 142 unprofitable locations, including five stores in Maryland, by the end of 2018: Bowie, Columbia and Westminster Sears as well as the Oxon Hill and Prince Frederick Kmart shops.

The Bethesda Sears will close in February 2019, the company announced in November, in another round of closures that included 40 stores nationwide.

The 80 closures announced on Friday — including the Parkville Kmart and Salisbury Sears in Maryland — are in addition to those 182 already announced.

That means 10 Sears stores will remain in the state of Maryland by April 2019: Annapolis, Bel Air, Cumberland, Frederick, Gaithersburg, Glen Burnie, Security Square, Silver Spring, Waldorf and White Marsh.

Six Kmart stores will remain in April 2019: Edgewater, Frederick, Hagerstown, Hyattsville, Silver Spring and Stevensville.

• Sears Closing 5 Stores In Maryland As Company Declares Bankruptcy
• Maryland Sears Store Closing In Latest Round
• Columbia Sears Closing Date Is Approaching By End Of 2018

In what is likely the chain's last shot at survival, Sears chairman and former CEO Eddie Lampert put forth a $4.6 billion proposal to buy the company in December through his hedge fund, ESL Investments. It was the only proposal offering to buy Sears as a whole, CNBC reported.

But with a deadline of Friday afternoon, Lampert still had neither submitted his bid nor secured financing, a source told CNBC.

As the deadline for a buyer inched closer, Sears announced the 80 additional closures, bringing the total number of its store closures announced this year to 262.

Image of Parkville Kmart via Google maps.