More Sears and KMart stores to close

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(CNN) -- The problems continue to mount for troubled retailers Sears and K-Mart.

Sears Holdings announced Thursday that 11 K-Marts and 29 sears locations will shut their doors in February. That’s in addition to the nearly 200 locations the company said would shut down in the coming months.

When all is said and done, fewer than 500 Sears and K-Mart stores will remain open.

The announcement comes as Sears Holdings works to find a way forward after filing for bankruptcy.

The company has struggled for years and is now drowning in debt.

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