NEW YORK (CBS/AP) — Sears Holdings Corp. says it will be closing another 63 stores as the ailing retailer tries to turn around its business.
The Hoffman Estates, Illinois-based company, struggling to keep up with its rivals, said it will shutter 45 Kmart stores and 18 Sears stores in late January.READ MORE: Man Shot Multiple Times, Killed In North Philadelphia Double Shooting: Police
Liquidation sales will start as early as next Thursday.
The move comes in addition to the closing of about 250 stores already announced this year.
Meanwhile, Sears launched a “holiday blowout” sale at both chains that began Wednesday and will last until Nov. 25, a day after Black Friday.
Sears has been selling off some its real estate and brands as it tries to raise cash.
Shares of Sears fell nearly 4 percent, or 20 cents, to $5.23 in trading Friday.
Here is a list of stores that will be closing nationwide:
Kmart, Casa Grande
Sears(asterisk), Fort Smith
Sears(asterisk), Lanesboro (Pittsfield)
Kmart, Clinton Township
Kmart, Battle Creek
Kmart, Mount Pleasant
Kmart, Thief River FallsREAD MORE: Nicetown-Tioga Shooting Leaves 29-Year-Old Dead, Police Say
Kmart, Poplar Bluff
Kmart, St. Louis
Kmart, St. Marys
Kmart, Moon Township / Coraopolis
Kmart, Shamokin Dam
Sears, State College
Sears, San Angelo
Sears(asterisk), Salt Lake City
Sears(asterisk), Colonial Heights
Kmart, Stevens Point
Sears, CheyenneMORE NEWS: Photographer Captures Moment Pennsylvania State Trooper Rescues Family And Dog From Flooding
(TM and © Copyright 2017 CBS Radio Inc. and its relevant subsidiaries. CBS RADIO and EYE Logo TM and Copyright 2017 CBS Broadcasting Inc. Used under license. All Rights Reserved. This material may not be published, broadcast, rewritten, or redistributed. The Associated Press contributed to this report.)