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Sears to close 72 more stores

This Thursday, May 11, 2017, photo shows a Sears store in Hialeah, Fla. Sears Holdings Corp. reported earnings on Thursday, May 25, 2017. Sears’ extended decline in sales continued during the first quarter and the storied retailer vowed additional spending cuts to offset its slowing business. (AP Photo/Alan Diaz)
This Thursday, May 11, 2017, photo shows a Sears store in Hialeah, Fla. Sears Holdings Corp. reported earnings on Thursday, May 25, 2017. Sears’ extended decline in sales continued during the first quarter and the storied retailer vowed additional spending cuts to offset its slowing business. (AP Photo/Alan Diaz)
By Kara Driscoll, Dayton Daily News
June 8, 2017

Sears will shut down 72 stores, on top of the 180 stores already announced as closing.

The company released a list of closing stores, including 16 Sears stores, 49 Kmart stores and seven auto centers, according to Business Insider. Stores could close by September.

The company, which lost $2.2 billion in sales last year, announced earlier this year that it would close 150 Sears and Kmart stores. It is not apparent whether the filing would result in any more immediate store closures or lay-offs.

“Our historical operating results indicate substantial doubt exists related to the company’s ability to continue as a going concern,” the company said during a financial report meeting.

The list includes the following locations:

Sears Auto Center

Kmart

Sears

About the Author

Kara Driscoll, Dayton Daily News

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