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Toms River Kmart among 80 Sears Holdings closings

Sears Holdings Corp. announced another 80 closings Friday, including a Kmart location in Toms River.Sears Holdings Corp. announced another 80 store closings Friday, including a Kmart location in Toms River.

The company expects this round of closings to be complete by March 2019. Of the 80 stores, 43 are Sears and 37 are Kmart.

When Sears filed for bankruptcy on Oct. 15, it announced the closing of 142 stores out of its approximately 700. Since then, it has announced other rounds of multiple closings.

On Thursday, CNBC reported that the company may be forced to liquidate Friday if its chairman Eddie Lambert is unable to buy the company out of bankruptcy for $4.6 billion through his hedge fund ESL Investments.

Sears did not respond to a request for comment by press time.

Gabrielle Saulsbery
Albany, N.Y. native Gabrielle Saulsbery is a staff writer for NJBIZ and the newest thing in New Jersey. You can contact her at gsaulsbery@njbiz.com.

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