The owner of Sears announced plans Friday to close 80 stores, including two in Maryland, amid a looming bankruptcy deadline.
Sears Holding Corps. listed the Parkville Kmart and the Salisbury Sears among the 80 locations scheduled to close by late March 2019. The Sears’ auto center in Wicomico County is scheduled to close in January.
Employees learned of the decision Thursday. Liquidation sales at the stores are expected to begin in two weeks.
Sears closed 182 stores after filing for Chapter 11 bankruptcy protection in October.
News of the closures came hours ahead of a deadline for parties interested in acquiring the retailer’s assets to submit bids, according to a timeline approved by the Bankruptcy Court.
The company and its restructuring adviser declined to comment Friday on any bids it may have received.
Sears could choose to extend the deadline it set to give potential bidders more time to finalize plans or secure financing.
Chicago Tribune reporter Lauren Zumbach contributed to this article.