Sears Holdings Corp. provided a list of the 63 Sears and Kmart stores that will begin store-closing sales “in the near future,” with others likely on tap to be shuttered down the road.
Its stock SHLD, -17.97% plunged 18% in afternoon trade Friday, putting it on track to suffer the biggest one-day drop since June 2015. The stock had tumbled 12.5% Thursday after the struggling department-store chain reported before the open that it swung to a loss of $424 million in its fiscal first quarter, as revenue and same-store sales continued to decline. Sears said store closures contributed to nearly two-thirds of the decline in revenue.
In Thursday’s earnings report, Sears said it had identified 100 “non-profitable” stores, and that it would begin closing 72 of those stores in the coming months. Later Thursday, Sears said it pulled “a small group of stores” from its list of closures, as they are being “evaluated further.”
The following is the list of 15 Kmart stores and 48 Sears stores, in a total of 28 states, that will begin closing in early September. Of the Sears stores that are closing, 40 have auto centers that are closing between early June and late July....
|Sears*||10001 N. Metro Parkway West||Phoenix||Arizona|
|Sears||100 S. Puente Hills Mall||City of Industry||California|
|Kmart||910 North China Lake Blvd.||Ridgecrest||California|
|Kmart||9881 W. 58th Ave.||Arvada||Colorado|
|Sears||320 Towne Center Circle||Sanford||Florida|
|Kmart||5400 E. Busch Blvd.||Tampa||Florida|
|Sears*||7902 Citrus Park Town Center||Tampa||Florida|
|Sears*||2201 Henderson Mill Rd. N.E.||Atlanta||Georgia|
|Sears*||2100 Pleasant Hill Rd.|