Three Chicago area Sears stores are slated to shut down by September, as part of the latest round of store closings for the department store chain. Only 12 Sears department stores will remain in MI after the closures, not counting dozens of franchised Sears Hometown stores.
Sears will close at least 72 more stores as sales plunge and losses mount.
There were several IN locations on the list.
In a statement, the company said the locations were chosen from a list of 100 non-profitable stores. Stores closing sales at the 72 stores will begin "in the near future", with plans for the others to be determined. It also has showrooms in Apex and Knightdale and an outlet store in Garner.
The company released the list of stores today.it includes 15 K-Mart stores and 48 Sears locations and says it is evaluating the remaining 9 locations.
The Illinois-based retailer had previously announced that 166 stores would close this year.
Sears Holdings closed its Kmart location at 180 Main St.in Saugus on earlier this month.
Sears closed its store in the Enfield Square Mall two-and-a -half years ago. Sears CEO Eddie Lampert has been criticized as being distant, neglecting stores and customer service, and not innovating enough to keep the company evolving with the times.
Sears shares, which have lost nearly all of their value in the last five years, were down almost 10 percent at $2.90 in mid-day trading.
The company revealed the closures as it announced revenues dropped more than 30% for the quarter to $2.9 billion.