K-Mart Announces Another Round Of Store Closures; 3 In Michigan

DETROIT (WWJ) - Add 28 K-Mart stores to the next round of closings happening by the end of the year — including three in Michigan.

K-Mart owner Sears Holdings said Thursday that locations in Utica, Bay City, and Sandusky, Michigan will close. This followed an earlier announcement that the stores in Escanaba, Monroe, and Toledo would be shuttered. [See a complete list of stores slated to close here].

More than 300 Sears and K-Mart locations across the U.S. have either closed or plan to close this year. Sears Holdings says it has seen positive results, particularly in the months of June and July, as the "unprofitable stores" continue to close.

In a public filing, Sears Holdings said that it believes it has enough liquidity for at least another 12 months.