Sears Holdings announced on Thursday morning that it will close 72 more stores after reporting a $424 million first-quarter loss.
According to the company, as part of their efforts to streamline operations and focus on the best stores, they identified 100 non-profitable stores in the company, 72 of which will begin closing in the "near future."
Two locations in Tampa Bay are on the new list of closings. They include:
- Kmart located at 5400 E. Busch Blvd
- Sears located at the Citrus Park Town Center.
Here is the full released list of stores it plans on closing.
In January, Sears said it would lay off about 220 people from its corporate offices, effective immediately. Earlier that month, they also said it planned to cut $200 million this year.
The company closed hundreds of stores in 2017 and already intended to close 103 more this spring, not including the 72 they now plan to close.