Several area Sears stores (including Savannah) set to close

"We continue to evaluate our network of stores, which is a critical component to our integrated retail transformation, and will make further adjustments as needed," the company said in a statement.

Liquidation sales at the 33 Sears stores and 13 Kmarts are expected to begin next week, according to Sears. The company also said that eligible workers will receive severance and be able to apply for openings at other nearby stores.

Sears said in January it was planning to shut more than 100 stores. It then announced another round of roughly 100 store closures in May. Sears was operating 894 stores as of May 5, which is the latest available total provided by the company.

Sears is still testing new concepts, like stand-alone mattress stores and combined Sears and Kmart locations, but retail analysts say it will be hard for the company to bounce back from its dire situation.

Sears shares have fallen more than 85 percent over the past 12 months, bringing the company's market cap to roughly $123 million, or less than Lampert is willing to pay for the Kenmore brand. The stock hit an all-time intraday low of $1.09 on Thursday morning.

Among the regional stores closing:

Sears Oglethorpe Mall, 7810 Abercorn St Savannah GA

Sears 2860 Cumberland Mall Atlanta GA

Sears 100 Mall Blvd Ste 300 Brunswick GA

What store would you like to see move in when Sears moves out?

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