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Sears to shutter another 80 stores in March amid bankruptcy

Sears Holdings Corp. plans to close 80 more stores across the U.S. in March 2019.

Liquidation sales at these stores are expected to begin in two weeks.

The retailer filed for bankruptcy protection in October. At the time, Sears said it would be closing 142 unprofitable stores near the end of the year.

In November, CNBC reported that Sears is looking to close 40 more stores by February 2019 in an effort to streamline its businesses and minimize losses under bankruptcy protection.

The company may liquidate if it does not receive an offer from potential buyers by 4 p.m. ET on Dec. 28, CNBC reported Dec. 27. As of mid-afternoon on Dec. 28, it appeared no bidder, including Sears Chairman Eddie Lampert's ESL Investments Inc., had submitted a bid or come up with financing to buy the company out of bankruptcy.

Earlier in December, Lampert had shown interest in buying the department store chain for $4.6 billion through ESL.