Struggling Sears to close 5 IL stores, including in Springfield

Struggling Sears to close 5 IL stores, including in Springfield

Struggling Sears to close 5 IL stores, including in Springfield

Sears said comparable-store sales at both Kmart and Sears grew in several categories, including apparel, footwear and jewelry.

Sears Holdings plans to close another 72 money-losing stores as the department-store chain tries to stem the bleeding from its long-running sales crisis.

No word on when the store closings will begin.

No North Carolina stores were named among the group of closures this time, according to a list the company released Thursday afternoon. There are 17 traditional Sears stores in MI malls.

The network says store closures are actually part of the problem, as two-thirds of the sales issues the company saw in the last quarter are connected to shutdowns. The Davenport Sears is one of two in Iowa that are on the list.

The list of store closings was announced Thursday. It also has showrooms in Apex and Knightdale and an outlet store in Garner. Other store closing will be announced later.

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The company previously announced closures for dozens of KMart stores across the country.

While the retail giant has struggled to retain customers who are increasingly heading online to Amazon or seeking out Walmart stores, it has already closed hundreds of stores.

TV-6 confirmed that the Sears in North Park Mall will be closing in September. The Davenport and Rock Island Kmart locations both closed in the past few years. Revenue fell more than 30 percent to $2.89 billion.

Sales at stores open at least a year, a key gauge of a retailer's health, tumbled 11.9 percent.

Sears Holdings Corp., based in Hoffman Estates, Illinois, lost $424 million, or $3.93 per share, in its first quarter, reversing a profit of $245 million in the year-ago quarter.

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