Sears, Kmart: More Bad News For 2 Major Retailers

Transformco, the parent company of Sears and Kmart, announced Thursday it plans shut another 96 stores by February.

The latest round of closures is expected to shutter 51 Sears stores and 45 Kmart location across the nation. In the last 15 years, Sears and Kmart have closed more than 3,500 stores.

Neither retailer has yet specified the locations that will be closed, but for now, nothing is off the table. It's unknown if any of the handful that remain in Massachusetts will be affected.

Here are the Sears locations in Massachusetts:

• Auburn (Store, Auto Center)
• Braintree (Store, Auto Center)
• Brockton (Store, Auto Center)
• Fall River (Appliance Outlet Store)
• Hanover (Store)
• Holyoke (Appliance Outlet Store)
• Leominster (Store, Auto Center)
• Marlborough (Store, Auto Center)
• North Attleboro (Store, Auto Center)
• Saugus (Store)
• Shrewsbury (Appliance Outlet)

Here are the Kmart locations in Massachusetts:

• Acton
• Billerica
• Brockton
• Holyoke
• Hyannis
• Palmer
• Somerville
• Webster

It’s not all bad news for the national retailers, though, Transformco also said Thursday that it had secured a $250 million lifeline that should help the company better focus on its “competitive strengths.”

Sears and Kmart are part of a growing list of brick-and-mortar establishments that have seen a nosedive in revenue and popularity with the emergence of e-commerce companies such as Amazon and Walmart.

The going out-out-of business sales are set to begin on Dec. 2, according to Transformco.