Sears Is Closing at Least 63 More Stores, Here’s the Full List

Sears to close at least 72 more stores

Sears, one of the oldest stores at the Northshore Mall, will close in early September, its parent company announced Thursday.

Sears' stock was down about 9.5 percent to $2.90 at time of publication.

Sears Holdings will close another 100 unprofitable stores after another quarter of losses and slowing sales.

"We continue to evaluate our network of stores, which are a critical component in our transformation, and will make further adjustments as needed and as warranted", Sears said. This compares to $245 million reported for the first quarter of 2017, which included a gain of $492 million from the sale of the Craftsman brand. While most of that decline was due to previous store closings, sales fell 12% at the stores that remained open.

"While total comparable store sales declined, the Company did experience positive comparable store sales at both Kmart and Sears in several categories, including apparel, footwear and jewelry".

Many will be searching for work after a retail giant announced plans to close nearly 100 stores.

Earlier this year, Sears sold its Crabtree Valley Mall property back to the mall for almost $20 million but signed a leaseback agreement. The company closed 103 stores earlier this year.

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Chairman and Chief Executive Officer of Sears Holdings Edward S. Lampert said in the release that the company will explore third-party partnerships involving Sears Home Services, Innovel, Kenmore and DieHard. Liquidation sales at Sears and Kmart stores reportedly start as soon as mid-June.

Sears for years has been selling off some of its real estate under sale-leaseback agreements.

In this Thursday, March 29, 2018, photograph, the sign hangs over a set of doors leading to a Sears store in Littleton, Colo.

Fifteen Kmarts and 48 Sears stores nationwide are slated to close, including a Sears store in Springfield, Ill.

It also has Hometown Stores in 16 other Kansas cities.

The Illinois-based retailer had previously announced that 166 stores would close this year.

Sears said overall revenue fell 31% in the three months ending May 5.

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