Sears closing 46 more stores

Chicago Illinois. The store which opened in 1938 is scheduled to close in July. Sears opened its first retail store in Chicago in 1925

Chicago Illinois. The store which opened in 1938 is scheduled to close in July. Sears opened its first retail store in Chicago in 1925

Sears announced Thursday that it is closing 46 more stores across the country, and this time, the Florence Mall location also got the ax.

The list of affected stores includes 13 Kmart stores and 33 Sears sites.

The company will continue to evaluate the performance of existing stores, which it said is a critical component to the firm's retail transformation. "Liquidation sales will begin as early as August 30 at these closing stores". The closures are expected to be complete by November.

More than 500 Sears and Kmart stores nationwide have closed, or are in the process of shutting down, since 2017 alone.

As previously reported by FOX Business, Sears added 43 stores to its list in July, which at that point had increased to 265.

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Sears Department Store is closing this fall at Bloomington's Eastland Mall.

That included a location at Citrus Park Town Center and a Kmart on East Busch Boulevard.

A total of 46 stores were announced as part of the closure.

The Hoffman Estates, Illinois-based retailer's shares have lost value in each of the last four years. The company said it informed its workers. The company has seen a decline in sales each quarter since 2011.

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