On Monday, Sears Holdings Corps made the announcement that they plan to close the biggest retail store in Madawaska. Kmart is to close soon due to financial restructuring.

According to the Bangor Daily News, Sears Holding Corps is in the process of closing 142 of their retail stores across the country in an effort financially restructure itself under the shadows of bankruptcy.

According to the list posted by the corporation, Kmart is the only retail store targeted to close in this go-round.

According to their website, liquidation sales are to begin soon with store closures to be completed by the end of the year.