Sears (and Kmart) will close these stores in Pa.

Surrendering Stores       Sears and Kmart stores now number less than 1,000              Source Company filings Bloomberg

Sears has also suffered from falling sales over the past few years as a shift towards online shopping hit the retailer more than brick-and-mortar companies and the company last year flagged doubts about its ability to continue as a going concern.

Sears also hinted at more closures to come, saying the 72 stores are among a list of 100 unprofitable stores that the company has identified.

Liquidation sales will begin June 14.

A Kmart store at 9881 W. 58th Ave.in Arvada was on the list of closures the retailer released Thursday afternoon.

Including automotive centers and outlet stores, Sears operates seven locations in the St. Louis metro area. In the first quarter, Sears reported a loss of $424 million, or $3.93 per share. The Summit store will close to the public in August. The remainder of the non-profitable stores are being evaluated further.

Revenue tumbled more than 30 percent to $2.89 billion, with store closings already underway contributing to nearly two thirds of the decline.

Sears Holdings closed its Kmart location at 180 Main St.in Saugus on earlier this month.

Eligible employees will receive severance and be given the opportunity to apply at other Sears or Kmart stores.

The latest closings underscore the deep-rooted problems at Sears, which was once a one-time powerhouse retailer that survived two world wars and the Great Depression but has been selling pieces of itself as it burns through money.

Sears has cut its store count in half within the last five years. Its chief executive, billionaire Eddie Lampert, has said the company should sell its well-known appliance brand Kenmore, home improvement businesses and real estate, and that his hedge fund ESL Investments Inc would bid for them.

Shares are down more than three percent before the opening bell.

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