HONOLULU (HawaiiNewsNow) - Retail giant Sears plans to put four of its Hawaii stores up for sale as part of a bid to keep the brand — or the locations — alive.
As part of its bankruptcy declaration, Sears Holding Corp. released a list of its 505 most profitable stores to be auctioned off or sold. The stores would likely be sold as a group, though they could also be sold piecemeal.
The four Hawaii stores that will be up for sale include its locations at Pearlridge Center, Windward Mall, Prince Kuhio Plaza in Hilo and an appliance store at Ala Moana, according to court documents.
Sears filed for Chapter 11 bankruptcy on Oct. 15 and announced plans earlier this year to close 142 stores nationwide by the end of 2018.
If a buyer can’t be found for the profitable stores, Sears hasn’t ruled out liquidation.
A company spokeswoman told the Honolulu Star-Advertiser on Tuesday, however, that it has no immediate plans to shutter the Hawaii stores.
The deadline for Sears to get an initial bid for the stores it wants to sell is Dec. 15, UPI reported. The planned auction is set for Jan. 14.