Sears Holdings says it will close an additional 46 Sears and Kmart stores by November. Sears has shuttered about 400 U.S. locations in the last 15 months as it continues efforts to stem a rising tide of red ink.
In May, Sears announced the closing of 63 stores and hinted that more closings could be announced later this year. That hint became a reality today.
"We continue to evaluate our network of stores, which is a critical component to our integrated retail transformation, and will make further adjustments as needed," the company said in a statement.
Sears served notice in January that it was in dire financial straits. It identified 150 unprofitable stores targeted for possible closing. So far, 99 have either closed or are among those that will close by November.
In a way, Sears is a victim of consumers' growing reliance on Amazon, but that doesn't fully explain it. In the last two weeks, both Walmart and Target have reported robust earnings, demonstrating that traditional brick and mortar stores can make themselves more appealing to consumers and compete with the online retail giant.
CNBC reports that Sears is considering a hedge fund proposal to purchase the Kenmore appliance brand in an effort to pump new cash into the business. The retailer previously spun off its Craftsman Tool division.
Stores that are closing
Here is the list of the latest Sears and Kmart stores targeted for closing:
Kmart 935 Sweetwater Road Spring Valley Calif.
Kmart 1075 Shaw Avenue Clovis Calif.
Kmart 3625 East 18th Street Antioch Calif.
Kmart 6310 W 3rd Street Los Angeles Calif.
Kmart 589 Bridgeport Avenue Milford Conn.
Kmart 301 College Square Newark Del.
Kmart 3231 Chicago Road Steger Ill.
Kmart 11 South Kings HWY 61 Cape Girardeau Mo.
Kmart 2308 Highway 45 N Columbus Miss.
Kmart 605 Old Country Road Riverhead N.Y.
Kmart 440 NW Burnside Road Gresham Ore.
Kmart 101 Great Teays Blvd Scott Depot Wva.
Kmart 2150 South Douglas HWY Gillette Wyo.
Sears Flagstaff Mall, 4800 N US HWY 89 Flagstaff Ariz.
Sears Capitola Mall, 4015 Capitola Road Santa Cruz Calif.
Sears 2424 Highway 6 And 50 Grand Junction Colo.
Sears 2266 University Square Mall Tampa - University Fla.
Sears 1625 NW 107th Avenue Doral / Miami Fla.
Sears Coastland Ctr, 2000 9th Street N Naples Fla.
Sears Oglethorpe Mall, 7810 Abercorn St Savannah Ga.
Sears 2860 Cumberland Mall Atlanta Ga.
Sears 100 Mall Blvd Ste 300 Brunswick Ga.
Sears 1631 E Empire Street Bloomington Ill.
Sears 4201 Coldwater Road Fort Wayne Ind.
Sears 3000 Mall Road Florence Ky.
Sears 1914 Hammond Square Drive Hammond La.
Sears 50 Holyoke Street Holyoke Mass.
Sears Silver City Galleria Taunton Mass.
Sears 1250 Jackson Xing I-94 Jackson Mich.
Sears 4601 Glenwood Avenue Raleigh - Crabtree N.C.
Sears 77 Rockingham Park Boulevard Salem N.H.
Sears 1500 South Willow Street Manchester N.H.
Sears 4409 Black Horse Pike Mays Landing N.J.
Sears 200 Eastview Mall Victor N.Y.
Sears 578 Aviation Road Queensbury / Glen Falls N.Y.
Sears 1400 Union Turnpike New Hyde Park N.Y.
Sears 2700 Miamisburg Centerville Road Dayton Ohio
Sears 9505 Colerain Avenue Cincinnati - Northgate Ohio
Sears 11800 SE 82nd Avenue Happy Valley / Portland Ore.
Sears 400 Memorial City Way Houston - Memorial Tex.
Sears Post Oak Mall College Station - Bryan Tex.
Sears 7453 S Plaza Center Drive West Jordan Utah
Sears 12000 Fair Oaks Mall Fairfax Va.
Sears 8800 NE Vancouver Mall Drive Vancouver Wash.
Sears 4720 Golf Road Eau Claire Wisc.
Sears Valley View Mall, 4200 US HWY 16 La Crosse Wisc.
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