Sears closing 80 more stores in March, includes Mall of America location

Sears has 24 hours to be saved

Two North Texas Sears stores will close in three months as part of the troubled company's ongoing efforts to remain afloat.

Sears is not indicating how many employees are affected by the closure. The accompanying Sears Auto Centers will also be shut down, according to the release.

Of the 80 locations to close, 43 are Sears stores and 37 are Kmart.

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At the time of the filing, it operated about 700 Sears and Kmart stores.

Sears has suffered for years, as USA consumers increasingly turned their backs on brick-and-mortar stores. Sears faces a self-imposed deadline of 4 pm ET on Friday for bids.

Spokespeople for Sears and Lampert declined to comment Thursday. He was invested millions into Sears with the help of ESL as he worked to try to keep the Sears alive, including a loyalty program for customers with "Shop Your Way", CNBC said.

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The company filed for bankruptcy in October and set Friday as the deadline for potential buyers to bid for its assets, including its 500 Sears and Kmart stores and the Kenmore appliance brand.

But as Lampert stares down a deadline of December 28 to submit his offer, he has neither submitted his bid, nor rounded up financing, said the people familiar with the situation. The company has struggled over the last few years as malls have become less convenient and clothing trends more casual, CNBC reported.

Some Sears creditors, including landlords and vendors, believe shutting down the company is the best way to retrieve the greatest portion of the money Sears owes them.

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Sears told the court it has seen interest from multiple parties, including some who would liquidate the company, according to a CNN report.

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