Going-out-of-business sales are slated to begin on December 2, according to a release from the company.
Two Michigan department stores will close by February 2020 as Sears Holding Corporation continues "pruning operations".
The company reports it "has faced a hard retail environment and other challenges".
"We are disappointed that the owners of Sears have made the decision to leave our community, where they have had a loyal and supportive customer base", said Glenn Morris, president & CEO of the Chamber.
Sears stores in Ventura and Santa Maria are slated to close, as are Kmart stores in Camarillo, Santa Paula and Atascadero. The company said it expects "to realize a significant return on our extensive portfolio of owned and leased real estate". These assets include Innovel, which provides logistics solutions to businesses and consumers, Sears Home Services as well as Shop Your Way® and financial services, and our Kenmore® and DieHard brands.
The company recently acquired Sears Hometown-a network of independently owned and operated, smaller stores that offer home products such as appliances, sporting goods and tools-that it hopes could help change its fortunes. The next closest Sears is at Woodfield Mall in Schaumburg.