ShoppingTown Sears employees say store will close in September

Sales fell 30 percent at Sears during the most recent quarter leading to a $424 million loss

Some 400 Sears and Kmart stores have closed in the past year while the parent company continues to stay solvent.

Sears Holdings announced it would close 72 stores Thursday morning, May 31 but reduced that number to 63 closures after deciding to evaluate nine locations before making a decision. Liquidation sales are set to begin in June.

Heading into Thursday's announcement, Kmart and Sears had 30 stores in MA.

Sears has been closing stores on Long Island for years, the latest a location in Hicksville it shut down in April.

Sears Holdings announced Thursday its store at WestGate Mall in Spartanburg is among those the company is planning to close this summer. Other Michigan Sears locations closing include Dearborn, Sterling Heights and Traverse City.

The company's announcement came as it revealed more losses in its first-quarter earnings report. No other Washington state store was on the list. Stores in Roseville and Grand Rapids closed in the previous year.

When Sears and Kmart merged in 2005, they had a combined total of 3,500 stores.

Danica Patrick crashes out of final race at Indianapolis 500
Patrick, 36, had those same thoughts as she returned to Indianapolis after her 2005 debut at the track that sparked her career. Kanaan led at least one lap in his 14th Indy 500 to break a record he had shared with four-time race victor A.J.

The decline in comparable-store sales, a key metric in retail, should be "alarming" to investors, said Noel Hebert, a Bloomberg Intelligence analyst.

A full list of the 72 Sears and Kmart stores that will be closing amid plunging sales has been released.

Sears said it would reveal the list of closures later today.

The chain has closed nearly 450 locations in recent years.

The Eastfield Mall's owners, New Jersey's Mountain Development, have said their plan is to "demall" the property on Boston Road, demolishing most of the buildings and replacing it with a mixed-use housing, shopping, dining and office complex.

That marks the more than five years of straight quarterly sales drop, according to FactSet.

Altogether, the company lost about $424 million, which it says amounts to about $3.93 per share. Revenue fell more than 30 percent to $2.89 billion.

Related News:

  • Roma want to keep hold of Alisson

    Roma want to keep hold of Alisson

    Speaking about the switch, Klopp said: 'We have signed a fantastic player, but someone who is an equally fantastic person I think. The scenes are still running through my head again and again. "These goals cost us the title, basically".
    White House calls off trade truce as talks continue

    White House calls off trade truce as talks continue

    President Donald Trump and Chinese President Xi Jinping shake hands during a meeting in November. China has made similar promises to act better on trade with the U.S.in the past.
    Utah man, wife freed from Venezuela, return to US

    Utah man, wife freed from Venezuela, return to US

    Holt and his wife were being held at a prison in Caracas known as the Helicoide where the Sebin keeps political prisoners. Trump says 17 prisoners have been freed from overseas captivity since he's been president and that others would be coming.
  • Zidane departs as the second most successful coach in Real Madrid history

    Zidane departs as the second most successful coach in Real Madrid history

    It does not seem as though Zidane was exhausted by the task of managing a high-profile club like Real Madrid . Zidane has won the Champions League four times at Real Madrid - three times as manager and once as a player.
    Pokemon Let's Go Pikachu, Let's Go Eevee Announced For Nintendo Switch

    Pokemon Let's Go Pikachu, Let's Go Eevee Announced For Nintendo Switch

    Pokemon Quest is a free-to-start game, so players can at least see what it has to offer before spending any cash on it. Stay tuned for more about Pokemon Let's GO Pikachu , Let's Go Eevee , and Pokemon Quest as more is announced .
    Unexpected airport arrival: Dog gives birth at Tampa International

    Unexpected airport arrival: Dog gives birth at Tampa International

    The puppies' father, Nugget, looked on during the birth. "Every time she's ready to deliver another one he starts jumping around". And even though they missed their flight, Van Atter is going hom e with some special souvenirs born in the Sunshine State.
  • Kim Kardashian West Is Talking Prison Reform With Jared Kushner

    Kim Kardashian West Is Talking Prison Reform With Jared Kushner

    President Trump , for his part, tweeted back a photo from his get-together with Kardashian, calling it a "great meeting". She was sentenced to life without parole and now resides in Alabama's Aliceville Federal Correctional Institution.
    'It was really hard  after Mo's injury'

    'It was really hard after Mo's injury'

    Aziz added that Salah would hopefully be in the final list of Egypt's team at the World Cup, to be officially announced on June 4. However, many Liverpool fans were left angry and disappointed when Salah was brought down by Real Madrid defender Sergio Ramos .
    Mark Webber: Vettel would ‘block’ Hamilton move to Ferrari

    Mark Webber: Vettel would ‘block’ Hamilton move to Ferrari

    Ricciardo had already smashed the all-time track record repeatedly in practice before qualifying in 1:10.810. He said: "He is driving well and Red Bull have got the best auto here". "Negative", came the reply.
  • Teslas ‘crash with Autopilot engaged’ in California and Greece

    Teslas ‘crash with Autopilot engaged’ in California and Greece

    The carmaker says the function is not created to avoid a collision and warns drivers not to rely on it entirely. A Tesla that the driver said was in Autopilot mode struck a parked police vehicle in Laguna Beach, Calif.

    New mum Serena back in the Grand Slam groove in Paris

    Pliskova had an early break in the second game of the second set to take a 2-0 lead but Williams broke straight back. She was spotty at times, especially on her serve (she hit seven double faults). "I'm a super hands-on mom".
    Vindication, triumph, also fear: Weinstein accusers react

    Vindication, triumph, also fear: Weinstein accusers react

    Weinstein was released after posting $1 million bail and was fitted with a monitoring device which will track his movements. The NYPD is also looking into an accusation by another woman who said he assaulted her in her apartment eight years ago.


Most liked

Kim Kardashian met Donald Trump at White House to discuss prison reform
Kardashian West appeared to preview the visit on her Twitter feed, writing: "Happy Birthday Alice Marie Johnson ". However, if Trump were to grant Alice clemency, it would go against his approach to drugs so far.

Neymar labels Real Madrid links 'nonsense'
Players then travel to London hours later and will set up camp until June 8 at Tottenham's training ground. Despite not playing in three months, the Brazilian winger is determined to go to Russian Federation .

Trump hits Europe, Mexico and Canada with metals tariffs
Europe did not want a trade war, he said, but Washington had to back down from "unjustified, unjustifiable and unsafe tariffs". In a clear reference to Trump, Macron added: "These solutions might bring symbolic satisfaction in the short term".

One paisa petrol price cut: Is there no solution?
Diesel prices were at Rs 69.25 a litre, Rs 71.8 a litre, Rs 73.73 a litre and Rs 73.12 a litre respectively. It is doing nothing but mocking the unprecedented miseries and hardships of the common people.

Apple Releases iOS 11.4 With Messages in iCloud and AirPlay 2
The iOS 11.4 update is available today. iOS users should get the notification on their iPhones and iPads to update their devices. The iOS 11 .4 update includes support for AirPlay 2 multi-room audio, support for HomePod stereo pairs and Messages in iCloud .

Person Missing as Extreme Flooding Rocks Ellicott City, Maryland
At the height of the storm, the water had risen above the first floor of some buildings, Howard County emergency officials said. At least one person has been reported missing so far. "We're certainly making every effort to locate that individual", he said.

The Trump and Kim show - Singapore summit is on, for now
During a campaign rally in Atlanta in June 2016, Trump said he would want to talk nukes with Kim over burgers and fries. Others have noted that 6.3 million North Koreans serve in the country's reserve forces.

Kevin Durant's performance in the Western Conference Finals was record
That Cavs' team had Kyrie Irving as their No.2 scorer, and they were facing a Warriors' team that had yet to sign Kevin Durant . Still, Curry is widely seen as the impetus for the Warriors and, well, James is the best player in the league for a reason.

Alberto approaches Panhandle, as more rain expected in Central Florida
It is expected that Alberto will bring heavy rainfall that will last well into the week and stretch into areas of the Ohio Valley. Meteorologists expect a 60 percent chance of rain with winds at 10 to 20 miles per hour , and gusts of up to 25 miles per hour .

'Solo: A Star Wars Story' disappoints at the box office
These opening numbers may seem stellar for most movies, but the sci-fi was eclipsed by Deadpool 2's $125 million debut last week. Screening of the film " Solo: A Star Wars Story " out of competition - Red Carpet Arrivals - Cannes, France May 15, 2018.

Premier League new boys preparing bid for in-demand Newcastle star
For either Aston Villa or Fulham, a place in the Premier League and the riches that come along with it await. But they defended heroically to end the club's four-year exile from the Premier League.

LSU softball wins Game 1 of Super Regional over Florida State
Will be updatedThe NCAA has granted Florida State forward Phil Cofer's another year of eligibility. The Corvallis Regional was the final region to be unveiled on the selection show.

Irish travel from around world, including Boston, to overturn abortion ban
The Eighth Amendment was passed in Ireland in 1983, with upwards of 67 percent voter-approval. But the laws changed in 1983 when the 8th Amendment was voted in.

LeBron James’ 46-point game stuns Boston, forces game seven
James is again able to become a free agent this season, with the Lakers, 76ers and Rockets among the most-mentioned destinations. James said after the game it would require a "real, real, real, really bad injury" for him to consider leaving the floor.

S. Korea: Kim commits to summit with Trump, denuclearization
At that meeting, they declared they would work toward a nuclear-free Korean peninsula and a formal end to the 1950-53 Korean War. Washington has made it clear it wants to see the "complete, verifiable and irreversible denuclearisation" of the North.