Following the closure, the company will operate only 182 stores, down from nearly 700 at the bankruptcy filing last October.
"We will continue to evaluate our footprint on Sears and Kmart, in line with our overall retail and services strategy," Transformco said in a statement Thursday.
For this latest round of closure, business sales expectations are expected to begin on December 2 . The company said Thursday that all eligible employees of the store will be offered the same number of weeks' compensation as employees before bankruptcy.
The company recently acquired Sears Hometown – a network of self-owned and operated smaller stores that offer home products such as appliances, sports goods and tools – that they hope can help change their fortunes. If anything, Transformco said in a statement Thursday that it expects "significant returns on our extensive portfolio of property and rented real estate."