Sears Holdings Corporation (OTCPK:SHLD.Q) said it plans to auction off three Sears and Kmart stores in Metairie and Baton Rouge as part of a Chapter 11 bankruptcy effort to sell or auction 505 of its most profitable stores and keep them operating. The Sears stores at the Mall of Louisiana in Baton Rouge and Clearview Mall in Metairie, along with a Kmart at 2940 Veterans Memorial Blvd. in Metairie, were listed in a federal bankruptcy court filing. It is unclear whether the Clearview store may have been incorrectly included in the list of sale properties. Sears hopes to find a new owner to continue operating the stores on its list. Sears Holdings has until December 15, 2018 to find an initial bidder for the locations it wants to keep open. Seeking Alpha has said that Eddie Lampert, Sears Holding’s largest shareholder and former Chief Executive Officer who has invested heavily in Sears, is expected to make a bid for the properties. Other potential buyers for the stores have until December 28, 2018 to submit bids. An auction will be held January 14, 2019.