Marshall Kmart store to be last open in MI

The opening of a revitalized Kmart Store in Des Plaines Ill

The Sears in West Dundee's Spring Hill Mall is set to close by February, its parent company announced.

In an effort to "position Transformco for success" by focusing on their competitive strengths and reducing operations that are struggling, the company has made the "difficult but necessary" decision to close 96 Sears and Kmart stores nationwide.

Two Michigan department stores will close by February 2020 as Sears Holding Corporation continues "pruning operations".

Transform Holdco LLC, which is owned by ESL Investments, a hedge fund owned by former Sears owner Eddie Lampert, took over Sears and KMart earlier in the year after the retailers exited bankruptcy proceedings.

It was just announced the Kmart in Waterford will be closing its doors.

More news: Woody Allen and Amazon end legal battle

Owner Transformco has secured $250 million in new capital as it battles to bring the veteran big-box chain and its sibling, Kmart, back from the brink.

If nothing else, Transformco said in its Thursday statement it expects to "realize a significant return on our extensive portfolio of owned and leased real estate".

Transformco's assets include Innovel, which provides logistics solutions to businesses and consumers; Sears Home Services; Shop Your Way; and the Kenmore and Diehard brands.

McHenry's Sears closed in 2012, although an appliance outlet still operates at 1750 N. Richmond Road.

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