The retailer announced this with its earnings statement that showed a quarterly loss, as the number of people visiting its stores continued to fall.
Sears has shrunk from the largest US retailer to a company plagued by fears of bankruptcy after struggling with several years of losses amid the decline of mall shopping in favor of the web.
The company expects to cut $1 billion in costs this year mainly by selling its real estate.
Sears announced in July that it agreed to sell its Kenmore appliances on Amazon and integrate the voice-activated assistant Alexa into a line of smart products.
1445 S Power Road, Mesa, AZ 23222 W Valencia Blvs, Valencia, CA 10500 Wichlow Way, Jackson/Martell, CA 10400 Rosecrans, Bellflower, CA 12928 Main Street, Hesperia, CA 15200 E Colfax Avenue, Aurora, CO 200 W Belleview, Englewood, CO 100 Main Street North, Southbury, CT 900 N Miami Beach Blvd, North Miami Beach, FL 5590 Mableton Pkwy, Mableton, GA 4101 W 95th St., Oaklawn, IL 7230 Westfield Plaza Dr, Belleville, IL 265 S Illinois Rte 83, Elmhurst, IL 1740 Sw Wanamaker Road, Topeka, KS 7601 23 Mile Road, Utica/Shelby Township, MI 4001 N Euclid Avenue, Bay City, MI 545 West Sanilac, Sandusky, MI 401 Route 38, Moorestown, NJ 808 Route 46, Parsippany, NJ 810 Paul Road, Rochester (Chili), NY 10 Cobblestone Court Drive, Victor, NY 374 Windsor Hwy, Rte 32, Vails Gate (New Windsor), NY 2600 Lincoln Way E, Massillon, OH 2470 Mission SE, Salem, OR 2620 Moreland Road, Willow Grove, PA 4701 Tilghman Street, Allentown, PA 296 Garfield Ave, Cranston, RI 1610 Church St, Conway, SC
- Is Sears circling the drain? No, says Wall St.USA TODAY
- Sears to close more stores, sales continue fall in 2QChicago Sun-Times
- These Kmart stores are shutting downUSA TODAY
- Last Kmart in Topeka is closing its doorsTopeka Capital Journal
- Sears closing more than two dozen additional Kmart stores (full list)Milwaukee Business Journal
- Sears to shutter another 28 locations, as same-store sales tumble 11.5%CNBC
- Sears Is Closing Another 28 Kmart Stores As Sales Tumble AgainFortune
- 28 More Kmart Store Closures Another Sign of Sears Financial Deterioration24/7 Wall St.
- Sears posts 2nd-qtr loss on fewer store visitsYahoo Finance