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Sears faces financial troubles

RICHMOND, Va. — Sears announced Thursday it planned to close dozens more Sears and Kmart stores around the country, continuing a yearslong pattern.

"We will continue to close some unprofitable stores as we transform our business model so that our physical store footprint and our digital capabilities match the needs and preferences of our members," a company spokesperson said. "It's important to note that these stores will remain open to serve members during the holiday season."

Sears and Kmart have been losing billions of dollars and closing stores for years. Their parent company, Sears Holdings, hasn't turned a profit since 2010 and warned earlier this year there was "substantial doubt" that it will be able to stay in business.

By the end of this July, Sears Holdings had only 1,250 stores left in the United States, down from 3,400 at the start of 2006.

These 45 Kmart stores and 18 Sears stores are slated to close in late January, the company announced.

  • Kmart 7200 Us Highway 431 Albertville AL
  • Kmart 1214 E Florence Blvd Casa Grande AZ
  • Kmart 26996 Us Hwy 19 N Clearwater FL
  • Kmart 6050 Highway 90 Milton FL
  • Kmart 901 Us 27 North Sebring FL
  • Kmart 156 Tom Hill Senior Blvd Macon GA
  • Kmart 144 Virginia Ave South Tifton GA
  • Kmart 1203 Cleveland Road Dalton GA
  • Kmart 3101 East 17Th Street Ammon ID
  • Kmart 1006 N Keller Drive Effingham IL
  • Kmart 2606 Zion Road Henderson KY
  • Kmart 230 L Roger Wells Blvd Glasgow KY
  • Kmart 501 Marsailles Road Versailles KY
  • Kmart 1300 Us Hwy 127 S Frankfort KY
  • Kmart 41601 Garfield Road Clinton Twp MI
  • Kmart 200 Capital Ave Sw Battle Creek MI
  • Kmart 2125 S Mission Street Mt Pleasant MI
  • Kmart 1547 Highway 59 South Thief River Falls MN
  • Kmart 2233 N Westwood Blvd Poplar Bluff MO
  • Kmart 16200 East Us Hwy 24 Independence MO
  • Kmart 1400 S Limit Avenue Sedalia MO
  • Kmart 3901 Lemay Ferry Road St Louis MO
  • Kmart 1130 Henderson Drive Jacksonville NC
  • Kmart 1292 Indiana Avenue St. Marys OH
  • Kmart 14901 Lorain Avenue Cleveland OH
  • Kmart 2830 Navarre Road Oregon OH
  • Kmart 4475 Mahoning Ave Austintown OH
  • Kmart 1249 North High Street Hillsboro OH
  • Kmart 3382 Birney Plaza Moosic PA
  • Kmart 2830 Gracy Center Way Moon Township / Coraopolis PA
  • Kmart 3319 North Susquehanna Trail Shamokin Dam PA
  • Kmart 22631 Route 68 Clarion PA
  • Kmart 1815 6 Ave Se Aberdeen SD
  • Kmart 530 Donelson Pike Nashville TN
  • Kmart 560 South Jefferson Avenue Cookeville TN
  • Kmart 1806 N Jackson Street Tullahoma TN
  • Kmart 4520 W 7 Street Texarkana TX
  • Kmart 4715 Nine Mile Road Richmond VA
  • Kmart 300 Towne Centre Drive Abingdon VA
  • Kmart 3311 Riverside Drive Danville VA
  • Kmart 2315 Wards Road Lynchburg VA
  • Kmart 111 Division St North Stevens Point WI
  • Kmart 800 Grand Central Avenue Vienna WV
  • Kmart 1287 Winchester Avenue Martinsburg WV
  • Kmart 301 Beckley Plaza Beckley WV
  • Sears* 1701 Mcfarland Blvd E Tuscaloosa AL
  • Sears* 5111 Rogers Avenue Fort Smith AR
  • Sears* 4201 N Shiloh Drive Fayetteville AR
  • Sears* Fiesta Mall Mesa AZ
  • Sears* Greeley Mall Greeley CO
  • Sears* 8020 Mall Pkwy Lithonia GA
  • Sears* 1709 Baytree Road Valdosta GA
  • Sears* Berkshire Mall Lanesboro (Pittsfield) MA
  • Sears* 7885 Eastern Blvd Baltimore MD
  • Sears* 1200 Us Rt 22 Phillipsburg NJ
  • Sears 2999 E College Avenue State College PA
  • Sears* 300 Lycoming Mall Circle Pennsdale/Muncy PA
  • Sears* 2334 Oakland Ave Indiana PA
  • Sears 4000 Sunset Mall San Angelo TX
  • Sears* 4600 S Medford Dr Lufkin TX
  • Sears* 754 S State Street Salt Lake Cty UT
  • Sears* 114 Southpark Circle Colonial Hts VA
  • Sears 1400 Del Range Blvd Cheyenne WY

*The Sears Auto Center at this store will close in early December 2017. The store itself will close in late January 2018.

CNN Wire contributed to this report.

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