{"id":146180,"date":"2018-05-31T11:35:15","date_gmt":"2018-05-31T16:35:15","guid":{"rendered":"http:\/\/csinewsnow.com\/?p=146180"},"modified":"2018-05-31T16:29:35","modified_gmt":"2018-05-31T21:29:35","slug":"sears-closing-72-more-stores-nationwide","status":"publish","type":"post","link":"https:\/\/csinewsnow.com\/?p=146180","title":{"rendered":"Sears closing 72 more stores nationwide"},"content":{"rendered":"
NEW YORK (AP) \u2014 Sears will close another 72 stores as sales plunge and losses grow.The beleaguered retailer said that it has identified about 100 stores that are no longer turning a profit, and the majority of those locations will be shuttered soon.Sears lost $424 million, or $3.93 per share, for the period ended May 5. It earned $245 million, or $2.29 per share, a year earlier, a quarter that included a $492 million gain tied to the sale of the Craftsman brand.Revenue tumbled more than 30 percent to $2.89 billion, with store closings already underway contributing to almost two thirds of the decline.Sales at stores open at least a year, a key gauge of a retailer’s health, tumbled 11.9 percent. Comparable-stores sales slid 9.5 percent at Kmart stores, and 13.4 percent at Sears.The one-time powerhouse retailer that survived two world wars and the Great Depression has been calving off pieces of itself as it burns through money.<\/p>\n

Kenmore, the retailer’s appliance brand, became the latest potential sale after ESL Investments, the company’s largest shareholder, headed by Sears Chairman and CEO Edward Lampert, said it might be interested in buying it.<\/p>\n

Lampert, who combined Sears and Kmart in 2005 after helping to bring the latter out of bankruptcy, has long pledged to save the famed retailer, which started in the 1880s as a mail-order catalog business.<\/p>\n

Shares of Sears Holdings Corp., based outside of Chicago in Hoffman Estates, Illinois, fell more than 4 percent before the opening bell Thursday.<\/p>\n

\"\"<\/a><\/p>\n

The Sears store in the Buffalo Mall in Jamestown, closed in 2<\/a>017.<\/a><\/p>\n

Sears and K-Mart Stores to close<\/h4>\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n
Store<\/th>\nAddress<\/th>\nCity<\/th>\nState<\/th>\n<\/tr>\n<\/thead>\n
Kmart<\/td>\n910 North China Lake Blvd<\/td>\nRidgecrest<\/td>\nCA<\/td>\n<\/tr>\n
Kmart<\/td>\n9881 W 58Th Avenue<\/td>\nArvada<\/td>\nCO<\/td>\n<\/tr>\n
Kmart<\/td>\n5400 E Busch Blvd<\/td>\nTampa<\/td>\nFL<\/td>\n<\/tr>\n
Kmart<\/td>\n4303 Nawiliwili Road<\/td>\nLihue<\/td>\nHI<\/td>\n<\/tr>\n
Kmart<\/td>\n2535 Hubbell Avenue<\/td>\nDes Moines<\/td>\nIA<\/td>\n<\/tr>\n
Kmart<\/td>\n5909 E State Street<\/td>\nRockford<\/td>\nIL<\/td>\n<\/tr>\n
Kmart<\/td>\n4070 Ryan Street<\/td>\nLake Charles<\/td>\nLA<\/td>\n<\/tr>\n
Kmart<\/strong><\/td>\n215 North Central Avenue<\/strong><\/td>\nDuluth<\/strong><\/td>\nMN<\/td>\n<\/tr>\n
Kmart<\/td>\n24 34 Barbour Avenue<\/td>\nPassaic \/ Clifton<\/td>\nNJ<\/td>\n<\/tr>\n
Kmart<\/td>\n2100 Carlisle Avenue<\/td>\nAlbuquerque<\/td>\nNM<\/td>\n<\/tr>\n
Kmart<\/td>\n1000 Montauk Highway<\/td>\nWest Babylon<\/td>\nNY<\/td>\n<\/tr>\n
Kmart<\/td>\n25301 Rockaway Blvd<\/td>\nRosedale<\/td>\nNY<\/td>\n<\/tr>\n
Kmart<\/td>\n12350 N E Sandy Blvd<\/td>\nPortland<\/td>\nOR<\/td>\n<\/tr>\n
Kmart<\/td>\n1072 Mountain Laurel Plaza<\/td>\nLatrobe<\/td>\nPA<\/td>\n<\/tr>\n
Kmart<\/td>\n5000 San Dario<\/td>\nLaredo<\/td>\nTX<\/td>\n<\/tr>\n
Sears*<\/td>\n10001 N Metro Parkway West<\/td>\nPhoenix<\/td>\nAZ<\/td>\n<\/tr>\n
Sears<\/td>\n100 S Puente Hills Mall<\/td>\nCity Industry<\/td>\nCA<\/td>\n<\/tr>\n
Sears*<\/td>\n7902 Citrus Park Town Center<\/td>\nTampa<\/td>\nFL<\/td>\n<\/tr>\n
Sears<\/td>\n320 Towne Center Circle<\/td>\nSanford<\/td>\nFL<\/td>\n<\/tr>\n
Sears**<\/td>\n2201 Henderson Mill Road N.E.<\/td>\nAtlanta<\/td>\nGA<\/td>\n<\/tr>\n
Sears**<\/td>\n1300 Southlake Mall<\/td>\nMorrow<\/td>\nGA<\/td>\n<\/tr>\n
Sears**<\/td>\n2100 Pleasant Hill Road<\/td>\nDuluth<\/td>\nGA<\/td>\n<\/tr>\n
Sears*<\/td>\n320 W Kimberly Road<\/td>\nDavenport<\/td>\nIA<\/td>\n<\/tr>\n
Sears**<\/td>\n#2 Hawthorn Center<\/td>\nVernon Hills<\/td>\nIL<\/td>\n<\/tr>\n
Sears**<\/td>\n#2 Fox Valley Center<\/td>\nAurora<\/td>\nIL<\/td>\n<\/tr>\n
Sears*<\/td>\n6136 W Grand Avenue<\/td>\nGurnee<\/td>\nIL<\/td>\n<\/tr>\n
Sears**<\/td>\n104 West White Oaks Mall<\/td>\nSpringfield<\/td>\nIL<\/td>\n<\/tr>\n
Sears**<\/td>\n2415 Sagamore Pkwy S<\/td>\nLafayette<\/td>\nIN<\/td>\n<\/tr>\n
Sears**<\/td>\n40 Muncie Mall<\/td>\nMuncie<\/td>\nIN<\/td>\n<\/tr>\n
Sears**<\/td>\n6020 E 82Nd Street<\/td>\nIndianapolis<\/td>\nIN<\/td>\n<\/tr>\n
Sears<\/td>\n1781 Sw Wanamaker Road<\/td>\nTopeka<\/td>\nKS<\/td>\n<\/tr>\n
Sears*<\/td>\nAlexandria Mall<\/td>\nAlexandria<\/td>\nLA<\/td>\n<\/tr>\n
Sears<\/td>\nHwys 114 & 128<\/td>\nPeabody<\/td>\nMA<\/td>\n<\/tr>\n
Sears*<\/td>\nEastfield Mall<\/td>\nSpringfield<\/td>\nMA<\/td>\n<\/tr>\n
Sears*<\/td>\n3191 S Linden Road<\/td>\nFlint<\/td>\nMI<\/td>\n<\/tr>\n
Sears**<\/td>\n18900 Michigan Avenue<\/td>\nDearborn<\/td>\nMI<\/td>\n<\/tr>\n
Sears**<\/td>\n14100 Lakeside Circle<\/td>\nSterling Heights<\/td>\nMI<\/td>\n<\/tr>\n
Sears*<\/td>\n1212 S Airport Road W<\/td>\nTraverse City<\/td>\nMI<\/td>\n<\/tr>\n
Sears*<\/strong><\/td>\nShingle Creek Crossing<\/strong><\/td>\nBrooklyn Ctr<\/strong><\/td>\nMN<\/strong><\/td>\n<\/tr>\n
Sears*<\/strong><\/td>\nMiller Hill Mall<\/strong><\/td>\nDuluth<\/strong><\/td>\nMN<\/strong><\/td>\n<\/tr>\n
Sears<\/td>\n250 S County Center Way<\/td>\nSt. Louis<\/td>\nMO<\/td>\n<\/tr>\n
Sears<\/td>\n#1 Chesterfield Mall<\/td>\nChesterfield<\/td>\nMO<\/td>\n<\/tr>\n
Sears*<\/td>\n1000 Turtle Creek Drive<\/td>\nHattiesburg<\/td>\nMS<\/td>\n<\/tr>\n
Sears*<\/td>\n1515 Grand Avenue<\/td>\nBillings<\/td>\nMT<\/td>\n<\/tr>\n
Sears*<\/strong><\/td>\n2800 S Columbia Road<\/strong><\/td>\nGrand Forks<\/strong><\/td>\nND<\/strong><\/td>\n<\/tr>\n
Sears**<\/td>\n300 Quaker Bridge Mall<\/td>\nLawrenceville<\/td>\nNJ<\/td>\n<\/tr>\n
Sears*<\/td>\n2341 Rt 66<\/td>\nOcean<\/td>\nNJ<\/td>\n<\/tr>\n
Sears*<\/td>\n2501 Mt Holly Road<\/td>\nBurlington<\/td>\nNJ<\/td>\n<\/tr>\n
Sears*<\/td>\n10000 Coors Bypass N.W.<\/td>\nAlbuquerque<\/td>\nNM<\/td>\n<\/tr>\n
Sears**<\/td>\n3649 Erie Blvd E<\/td>\nDeWitt<\/td>\nNY<\/td>\n<\/tr>\n
Sears*<\/td>\n2400 Elida Road<\/td>\nLima<\/td>\nOH<\/td>\n<\/tr>\n
Sears**<\/td>\n17271 Southpark Center<\/td>\nStrongsville<\/td>\nOH<\/td>\n<\/tr>\n
Sears*<\/td>\n300 S Hills Village<\/td>\nPittsburgh \/ South Hills<\/td>\nPA<\/td>\n<\/tr>\n
Sears<\/td>\n1000 Robinson Center Drive<\/td>\nPittsburgh<\/td>\nPA<\/td>\n<\/tr>\n
Sears**<\/td>\n205 W Blackstock Road<\/td>\nSpartanburg<\/td>\nSC<\/td>\n<\/tr>\n
Sears<\/td>\n3101 N Main Street<\/td>\nAnderson<\/td>\nSC<\/td>\n<\/tr>\n
Sears*<\/td>\n3400 Empire Mall<\/td>\nSioux Falls<\/td>\nSD<\/td>\n<\/tr>\n
Sears**<\/td>\n2931 Knoxville Center Drive<\/td>\nKnoxville<\/td>\nTN<\/td>\n<\/tr>\n
Sears***<\/td>\n2401 S Stemmons Freeway<\/td>\nLewisville<\/td>\nTX<\/td>\n<\/tr>\n
Sears*<\/td>\n1800 Green Oaks Road<\/td>\nFort Worth<\/td>\nTX<\/td>\n<\/tr>\n
Sears**<\/td>\n11200 Lakeline Mall Drive<\/td>\nCedar Park<\/td>\nTX<\/td>\n<\/tr>\n
Sears***<\/td>\nGolden Triangle Mall<\/td>\nDenton<\/td>\nTX<\/td>\n<\/tr>\n
Sears*<\/td>\n4502 S Steele Street<\/td>\nTacoma<\/td>\nWA<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/article>\n","protected":false},"excerpt":{"rendered":"

NEW YORK (AP) \u2014 Sears will close another 72 stores as sales plunge and losses grow.The beleaguered retailer said that it has identified about 100 stores that are no longer turning a profit, and the majority of those locations will be shuttered soon.Sears lost $424 million, or $3.93 per share, […]<\/p>\n","protected":false},"author":3,"featured_media":114101,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[35],"tags":[],"class_list":["post-146180","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-state"],"_links":{"self":[{"href":"https:\/\/csinewsnow.com\/index.php?rest_route=\/wp\/v2\/posts\/146180","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/csinewsnow.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/csinewsnow.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/csinewsnow.com\/index.php?rest_route=\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/csinewsnow.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=146180"}],"version-history":[{"count":7,"href":"https:\/\/csinewsnow.com\/index.php?rest_route=\/wp\/v2\/posts\/146180\/revisions"}],"predecessor-version":[{"id":146233,"href":"https:\/\/csinewsnow.com\/index.php?rest_route=\/wp\/v2\/posts\/146180\/revisions\/146233"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/csinewsnow.com\/index.php?rest_route=\/wp\/v2\/media\/114101"}],"wp:attachment":[{"href":"https:\/\/csinewsnow.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=146180"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/csinewsnow.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=146180"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/csinewsnow.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=146180"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}