Sears has filed for Chapter 11 Bankruptcy Protection Monday and announced 142 stores across the country are closing, however none of the six stores in Hawaii are on that list.

The retail giant owes lenders and bond-holders more than 5 billion dollars in interest payments alone.

"It's not really a place where people have been buying lots of things for a long time. In fact, probably a decade ago when Kmart and Sears merged. I remember saying two halves don't make a whole. And it's really been that kind of gradual dripping away of of a business," CEO of WSL Strategic Retail Wendy Liebmann said. 

Another victim of heavy online shopping, Sears, recently closed all of its K-Mart stores in Hawai'i.