Sears to close Grand Island location

GRAND ISLAND, Neb. -- Major retailer Sears has announced it's closing even more stores in the beginning of next year, and that includes the Grand Island location.

Sears Holdings is closing another 40 stores as it aims to survive Chapter 11 Bankruptcy. The latest move affects 29 Sears locations and 11 KMart Locations.

This will be in addition to the 142 unprofitable stores the department store chain is already expected to close toward the end of the year. Together, the closures are expected to leave the company with fewer than 500 locations remaining.

Sears has estimated it has about 400 stores that could be profitable on their own if it survives bankruptcy. Liquidation sales at the 40 additional closures, including in Grand Island are set to begin late next week.