Three local Sears, Kmarts to close in latest round as retailer files for Chapter 11


Sears Holdings Corp. (NASDAQ: SHLD) announced Monday it will close 142 unprofitable Sears and Kmart stores by the end of the year, including three in Greater Washington, as the struggling Illinois-based retailer attempts to right its financial ship via bankruptcy proceedings.

The Kmart at Springfield Plaza, the Sears at 15700 Emerald Way in Bowie and the Kmart at 6163 Oxon Hill Road in Oxon Hill will liquidate their inventory and shutter. Whatever isn’t sold, according to bankruptcy filings, may…

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