Sears will spend $443M to close down 142 stores

Closing stores ain’t cheap.

It will cost Sears $443 million to close 142 stores permanently, the bankrupt department store said in a regulatory filing Tuesday.

The 125-year-old retailer, which filed for Chapter 11 on Oct. 15, expects to lose $81 million in markdowns at those unprofitable stores, $9 million in severance costs, $335 million in lease-termination costs and $6 million in depreciation, among other costs, filings show.

Sears will likely close more stores in the coming months, but chairman Eddie Lampert — who is the company’s largest shareholder — is hoping to acquire and preserve some 500 stores.

Last week, a bankruptcy judge approved Sears’ request to pay out $25.3 million in retention bonuses to its top executives.