(RNN) - A total of 63 Sears and Kmart stores will close by late Jan. 2018, according to a statement published Thursday by Sears Holdings.
"Sears Holdings continues its strategic assessment of the producitvity of our Kmart and Sears store base and will continue to right size our store footprint in number and size," the statement read. "We will continue to close some unprofitable stores as we transform our business model so that our physical store footprint and our digital capabilities match the needs and preferences of our members.
The statement says that eligible employees working at these stores will receive severance and be given the opportunity to apply for open positions at nearby Kmart or Sears stores.
Liquidation sales will begin Nov. 9 at closing stores.
This development is the latest in a long line of closings for Sears Holdings. The company announced in July it would be closing 43 stores; in August, another 28.
For a full list of the newly closing locations, see the Sears Holdings statement below:
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