The parent company of Sears Holdings and Kmart has secured a new $250 million capital and announced plans to close 96 more stores. Transform Holdco, the company formed in January to buy the remaining assets of bankrupt retailer Sears Holdings Corp., disclosed a list of the next Sears and Kmart stores to close by February 2020. Going-out-of-business sales in the 96 stores slated to close will begin December 2, 2019.