Sears store at ShoppingTown Mall set to close, employees say

Clarksville Now

Clarksville Now

The only central IL store expected to close is a Sears in Springfield, located at 104 West White Oaks Mall.

The struggling retailer says it's identified about 100 unprofitable stores, and plans on shutting down 72 of them.

Liquidation sales will begin as early as June 14. Only 12 Sears department stores will remain in MI after the closures, not counting dozens of franchised Sears Hometown stores.

After the latest closings, there will be about 820 Sears and Kmart stores, down from about 2,000 locations five years ago.

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Sears previously announced 166 store closings that took effect this year, but the company has been quietly closing additional stores over the past several months, as Business Insider has previously reported.

Including automotive centers and outlet stores, Sears operates seven locations in the St. Louis metro area. All but the Cambridge and Peabody Sears stores also have an auto center.

The company closed almost 400 stores during the past 12 months, and now has a total of 894 left, including the 63 slated for closure.

More KMart stores across the country are also closing.

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The company informed its associates at 15 Kmart stores and 48 Sears stores these stores would be closing in early September.

Despite the company's lackluster performance, executives said they hoped to "remain a competitive retailer for years to come". Sales have fallen for more than six straight years, despite efforts to revamp stores, stock more mattresses and appliances, and partner with sites such as Amazon.

Sears Holdings now operates five Sears locations on Long Island: in Garden City, New Hyde Park, Lake Grove, Massapequa and Valley Stream.

Sales at stores open at least a year, a key gauge of a retailer's health, tumbled 11.9 percent. Revenue fell due to fewer stores and a 12 percent drop in same-store sales.

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