Sears at the Killeen Mall will close in March

Sears Holdings announced plans to close 80 more stores by March 1. | AP file

"As part of Sears Holdings' processes to accelerate its strategic transformation and facilitate its financial restructuring, on December 27, 2018, the company informed associates at 80 stores that we will be closing these Sears and Kmart stores in late March 2019".

The Killeen and Waco Sears are expected to close by late March 2019. "The accompanying Sears Auto Center at these Sears stores will also be closing", Sears Holdings reported Friday. The hedge-fund investor pushed Kmart, which he'd bought out of bankruptcy two years earlier, to acquire Sears for $11 billion and then merged the two.

A hedge fund controlled by Sears chairman Eddie Lampert is offering $4.6 billion.

Since filing for bankruptcy, the retailer has announced plans to close more than a third of its locations. He said he meant to bid $4.6 billion for 500 stores and other operating assets, including the Kenmore appliance brand.

More news: Cell Phone Calls In Massachusetts Affected Briefly By CenturyLink Outage

Spokespeople for Sears and Lampert declined to comment Thursday. The closures will affect both Sears and Kmart stores.

While Lampert has said he intends to make the bid, he has not formally filed one with the bankruptcy court. Sears faces a self-imposed deadline of 4 pm ET on Friday for bids. Last week, for example, U.S. Bankruptcy Court Judge Robert Drain allowed the beleaguered retailer to sell its home-improvement service business to Service.com for $60 million.

Failing a successful purchase bid, Sears is facing the possibility of liquidation, ending the company's 125-year run as one of the country's best-known retailers.

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