The Hoffman Estates, Illinois-based company, struggling to keep up with its rivals, said it will shutter 45 Kmart stores and 18 Sears stores in late January.
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Liquidation sales will start as early as next Thursday.
The move comes in addition to the closing of about 250 stores already announced this year.
Meanwhile, Sears launched a "holiday blowout" sale at both chains that began Wednesday and will last until Nov. 25, a day after Black Friday.
Sears has been selling off some its real estate and brands as it tries to raise cash.
Shares of Sears fell nearly 4 percent, or 20 cents, to $5.23 in trading Friday.
A list of the stores closing in January:
Alabama
Kmart, Albertville
Sears, Tuscaloosa
Arizona
Kmart, Casa Grande
Sears, Mesa
Arkansas
Sears, Fort Smith
Sears, Fayetteville
Colorado
Sears, Greeley
Florida
Kmart, Clearwater
Kmart, Milton
Kmart, Sebring
Georgia
Kmart, Macon
Kmart, Tifton
Kmart, Dalton
Sears, Lithonia
Sears, Valdosta
Idaho
Kmart, Ammon
Illinois
Kmart, Effingham
Kentucky
Kmart, Henderson
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Kmart, Glasgow
Kmart, Versailles
Kmart, Frankfort
Maryland
Sears, Baltimore
Massachusetts
Sears, Lanesboro (Pittsfield)
Michigan
Kmart, Clinton Township
Kmart, Battle Creek
Kmart, Mount Pleasant
Minnesota
Kmart, Thief River Falls
Missouri
Kmart, Poplar Bluff
Kmart, Independence
Kmart, Sedalia
Kmart, St. Louis
New Jersey
Sears, Phillipsburg
North Carolina
Kmart, Jacksonville
Ohio
Kmart, St. Marys
Kmart, Cleveland
Kmart, Oregon
Kmart, Austintown
Kmart, Hillsboro
Pennsylvania
Kmart, Moosic
Kmart, Moon Township / Coraopolis
Kmart, Shamokin Dam
Kmart, Clarion
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Sears, State College
Sears, Pennsdale/Muncy
Sears, Indiana
South Dakota
Kmart, Aberdeen
Tennessee
Kmart, Nashville
Kmart, Cookeville
Kmart, Tullahoma
Texas
Kmart, Texarkana
Sears, San Angelo
Sears, Lufkin
Utah
Sears, Salt Lake City
Virginia
Kmart, Richmond
Kmart, Abingdon
Kmart, Danville
Kmart, Lynchburg
Sears, Colonial Heights
Wisconsin
Kmart, Stevens Point
West Virginia
Kmart, Vienna
Kmart, Martinsburg
Kmart, Beckley
Wyoming
Sears, Cheyenne
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