Bankrupt retailer Kmart Corp will release a list of the stores it plans to close in an effort to cut its losses by 11 March.

The nation's third-biggest retailer said it also plans to hire a liquidator to sell off the contents of those stores.

Kmart filed for Chapter 11 protection in January after a disappointing Christmas season and a plummeting stock price.

According to its filings, Kmart plans to complete its liquidation sale this summer.