Local Sears slated to close, liquidation sales start soon

Sears Prepares for More Store Closings as Revenue Slumps

Sears to close about 100 more stores, most locations to be announced today

Sears is the second anchor store NorthPark Mall has lost in the past few months, after Bon-Ton announced it is closing stores nationwide this summer, including the Davenport Younkers.

The company did notify associates at 15 Kmart stores and 48 Sears stores that those locations would be closing in early September. It has also faced growing competition from stores like Home Depot, Lowe's and Best Buy.

The Topeka closing leaves Wichita as the only Kansas city with a traditional Sears department store.

Two more regional stores under Sears Holdings, both of them in Tampa, are in the latest round.

Business Insider noted that revenue for Sears has dropped more than 30 percent in the most recent quarter.

Sears will close 72 additional stores as sales shrink and losses grow, an announcement that has become a familiar refrain as the company retrenches. Sears Holdings said a group of stores was pulled from the original list and "are being evaluated further".

Sears Holdings Corporation is set to close another 72 stores as the company attempts to stave off plummeting sales. 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.

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A Kmart in Arvada is the lone Colorado store that will close.

The release said recent store closures contributed to almost two thirds of the decline.

A rally in Sears bonds triggered by the company's search for asset buyers is casting doubt on plans for reducing the retailer's debt, Lampert said earlier this week.

Sears will close at least 63 more stores as sales plunge and losses mount. All but the Cambridge and Peabody Sears stores also have an auto center.

No North Carolina stores were named among the group of closures this time, according to a list the company released Thursday afternoon.

Sears Holdings announced in April and May the Sears at the Clearwater Westfield Countryside Mall and the Kmart stores on US 19 and in Brandon would shut down.

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