Sears close 46 unprofitable stores, two located in Portland area

Dozens of Sears, Kmart stores closing nationwide

Sears Holding announced this week it is closing another 46 locations as it continues to evaluate the future of the company.

Forty-six unprofitable Sears and Kmart stores will shut their doors in November.

Liquidation sales at the stores may start as early as Thursday, Aug. 30.

Sears disclosed its latest round of store closings as it considers an offer from its Eddie Lampert, its CEO and biggest shareholder, to buy its Kenmore household appliances brand for $400 million. As of May 5, it had about 894 stores, down from about 1,000 at the end of a year ago.

Sears has announced the closure of more than 100 Sears and Kmart locations since January, including a store in Westwood.

Another Kmart will close in West Virginia in the coming months leaving only three of the retail stores left in the Mountain State.

Sears Holdings said the closures are part of its efforts to streamline operations and strengthen its capital position. The new shutdowns, which also impact several affiliated Sears Auto Center locations, affect states across the country. Two other regional Sears are being closed, including one in Happy Valley and one at the Vancouver Mall.

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