Dozens of Sears Hometown stores are closing and holding liquidation sales, according to Facebook posts from the shuttering locations, Axios.com reported. Sears and Kmart have closed thousands of stores and cut around 250,000 jobs over the last 17 years. The two iconic retailers were owned by Sears Holding, which filed for chapter 11 bankruptcy protection in 2018 and escaped liquidation when Eddie Lampert's Transformco acquired them out of bankruptcy. Transformco also acquired Sears Hometown stores in 2019. Transformco did not provide a list of the closing locations or how many will remain, but stores around the country posted announcements on their Facebook pages viewed by Axios. As of April 2022, there were three remaining Kmart stores in the continental U.S.
