Two Sears stores and one Kmart in New Jersey are among 142 across the country slated to close in the coming weeks after the company declared bankruptcy, according to federal court documents.

Sears locations on Route 35 in Middletown, Monmouth County, and at the Deptford Mall in Gloucester County will go out of business along with the Kmart location on Delsea Drive in Glassboro.

Liquidation sales at the 142 Sears and Kmart stores slated for closure are expected to begin shortly. This is in addition to the previously announced closure of 46 unprofitable stores that is expected to be completed by November. That round includes the Sears store in the Hamilton Mall in Atlantic County.

After the next round of closings, there will be 687 stores left.

The operator of Sears and Kmart stores joins a growing list of retailers that have filed for bankruptcy or liquidated in the last few years amid a fiercely competitive climate.

Some like Payless ShoeSource have had success emerging from reorganization in bankruptcy court but plenty of others haven't, like Toys R Us and Bon-Ton Stores Inc. Both retailers were forced to shutter their operations this year soon after a Chapter 11 filing.

Sears has seen declining sales and mounting debt in recent years. The store closure plan is intended to reduce the company's footprint and operating costs.

Sears is currently burning $125 million a month to operated the business, according to the bankruptcy filing. Revenue has declined 54 percent in the last five years.

The company has closed 72 percent of its stores since 2013 as it tried to offset the revenue losses, according to the bankruptcy filing.

The full list of closures includes Sears or Kmart stores has been summarized by Business Insider.

The Associated Press contributed to this report.

Jeff Goldman may be reached at jeff_goldman@njadvancemedia.com. Follow him on Twitter @JeffSGoldman. Find NJ.com on Facebook.