Sears Holdings announced it would close 72 stores Thursday morning, May 31 but reduced that number to 63 closures after deciding to evaluate nine locations before making a decision.
That includes the Sanford store, one of our Sears department stores in Central Florida.
The J.C. Penney store at Bonita Lakes closed past year after the company announced it was closing two distribution facilities and 130-140 retail stores.
Same-store sales during the most recent quarter dropped 13.4 percent at Sears stores and fell 9.5 percent at Kmart, Business Insider reported. The company a year ago said there were doubts about its ability to continue as a going concern.
Sears also hinted at more closings to come, saying the 63 stores were among 100 stores the company had identified as unprofitable.
The retailer says the closings are part of its ongoing efforts to streamline operations and focus on its best stores.
The Sears in Mesa's Fiesta Mall and Kmarts in Casa Grande, Tolleson and Show Low were shuttered earlier this year.
Same-store sales are down 11.9 percent from the first quarter of 2017.
The operator of Sears and Kmart stores posted a first-quarter loss of $3.93 a diluted share.
Auto centers at the Flint and Traverse City locations are expected to close in late June, while those at the closing metro Detroit locations are expected to close in late July.
Sears reports its earnings as it still considers an offer by its largest shareholder and CEO Eddie Lampert to purchase the company's Kenmore appliance brand and other assets. Store closures contributed to almost two-thirds of the decline.
The company on Thursday afternoon released a list of 50 Sears stores and 15 Kmart stores it will close this summer.
Lampert, who combined Sears and Kmart in 2005 after helping to bring the latter out of bankruptcy, has long pledged to save the famed retailer, which started in the 1880s as a mail-order catalog business.