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Sears has "substantial doubt" about its future

FILE - In this Wednesday, Feb. 8, 2017, file photo, shoppers walk into a Sears store in Pittsburgh. 

AP

The Marion Sears and West Frankfort and Mount Vernon Kmart stores will close in 2018.

Sears Holdings announced Thursday it plans to close 64 Kmart stores and 39 Sears stores nationwide because the locations are not profitable.

The West Frankfort and Mount Vernon Kmart stores are set to close in early April. The Marion Sears is also set to close in early April.

According to a news release from Sears Holdings, the parent company of both stores, liquidation sales will start as early as Jan. 12. The release also states that employees impacted by the store closures will receive severance and will have the opportunity to apply for open positions at the Sears and Kmart stores that will remain open.

— The Southern

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