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Sears will close 80 additional stores when it comes to the brink of total liquidation.

A well-known retailer, once the largest department store chain in the United States, set Friday as the deadline for receiving purchase offers from other stores to avoid total closure.

The network, which began as a sales catalog by post in the 1880s, was immersed in a slow spiral of bankruptcy, affected by the Great Recession, and later overwhelmed by competitors, both physical and online.





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80 stores will be closed in March, to 182 stores, which are already planned to be closed, including 142 by the end of 2018 and 40 by February. The company announced bankruptcy in October, signaling at the time that it would close over 20% of its premises and maintain only 500 of the most profitable active plants.

Sears Holdings Corp., which also manages Kmart, joins the list of retail brands absorbed by hedge funds, which collapsed under the weight of repaid debts.

With venture capitalist Eddie Lampert at the helm, Sears gained time by getting rid of some stores and selling iconic brands such as Craftsman.

Lampert, president and main shareholder of the company, borrowed his own money and concluded contracts to keep the company on the market and ensure all profits he could get for the ESL risk fund. Lampert and ESL are trying to buy the rest of Sears for a maximum of $ 4,600 million in cash and stocks.

But until mid-afternoon noon, apparently no one has made an official offer. Sears declined to comment.

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