Mandeville Kmart to close as part of national chain's downsizing

Sears closing over 100 stores, including Hanford

Midland, Austin, and Houston will all see one Sears location close while Portland, TX will see it's Kmart close.

Liquidation sales will begin as early as January 12 at the stores being closed.

Hay, 23, said she has shopped at Sears for much of her life, but she hasn't bought much there recently except tools. A manager at the store confirmed the entire store would close - and a company statement shows it closing in early April. After this round of closures, Sears will have less than 940 stores. "In the process ... we will continue to close some unprofitable stores".

The Illinois-based company, which owns both Sears and Kmart brands, issued a news release Thursday with a list of stores it plans to close by May.

Sears stock closed at $3.58, down 18 cents or 4.79%, on Thursday.

Sears' store count has plummeted from a high of 4,010 at the end of 2011 to just 1,275 at the end of April 2017. Sears CEO Edward Lampert is also an investor in Seritage and chairman of the company's board.

Sears Holdings announced Thursday that it will be shuttering over 100 more stores - including Kmarts in Butte and Helena.

In late 1989, Sears moved from that location to be one of the original anchors in the then-new Gateway Mall.

Sears chief financial officer Rob Riecker said in a recent conference call with analysts that the retailer would be focusing on improving the customer experience in its remaining stores.

The company reported a net loss of to $558 million, or $5.19 per share, on sales of $3.7 billion in the three months ending October 28.

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