Sears at Regency Square to close

Credit AP

Kmart is closing its Muscle Shoals location in September, a spokesman with Sears Holdings Corp. confirmed today.

Sears Holdings will close a Kmart in Marshalltown, along with 71 other stores, the Business Insider website reported late Tuesday.

"We can confirm that we are making the hard, but necessary decision to close this Kmart store", Riefs stated.

You can find the entire list HERE.

The closures are in addition to Sears' announcement earlier this year that it will shut down hundreds of stores to increase its financial flexibility and improve long-term operating performance. The number of employees at the store is "not publicly available", but Mr. Riefs did say most employees worked hourly or part-time.

"We can confirm that we are making the hard, but necessary decision to close this Kmart store".

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And third, Freeland underscored the importance of global trade pacts that "benefit all parties". She also made clear those bonds might loosen.

The company has lost $10.4 billion since 2011, the a year ago that it made a profit, said The Associated Press.

Other workers can also apply for open positions at nearby Kmart or Sears stores. Sears Holdings bought Kmart in 2005.

Business Insider said it obtained a list of 72 closures within the company nationwide.

These most recent round closures bring Sears' store count to about 1,200, down from 3,400 USA stores at just over 10 years ago.

"That's too bad", said Kelly Brennan, who was shopping at the Sears store Wednesday morning.

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