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Sears is closing its store at the Empire Mall in Sioux Falls. When the store closes in early September, only two Kmarts will remain in Colorado, one in Pueblo and the other in Loveland.

No North Carolina stores were named among the group of closures this time, according to a list the company released Thursday afternoon.

FBN's Jeff Flock on Sears closing its last store in Chicago.

Sears has yet to list which specific stores will close in the latest cost-cutting move. When Sears actually published the list of stores closing, however, the company wound up changing the tally.

The struggling retailer said Thursday that it has identified about 100 stores that are no longer turning profits, and 72 of those locations will be shuttered soon.

Sears is closing more stores as the company's sales continue to slide, with revenues falling more than 30% to $2.9 billion in the most recent quarter, compared to $4.2 billion in the prior quarter.

And those closures were on top of a previous announcement made by Sears stating that 166 Kmart and Sears stores would close in 2018.

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

Rob Riecker, Sears' chief financial officer, said in a pre-recorded call that the company's stores are "a critical component in our transformation".

"The demise of Sears has felt like a prolonged, drip, drip, drip as evidenced by the string of quarterly sales numbers", said Mark Hamrick, Bankrate.com senior economic analyst.

"He passed away years ago, but we still remember him though stuff like that; and Sears, in a way, is a connection that way to the family", he said.

Sears also said it will at least explore selling its DieHard brand of auto parts and accessories and its home improvement products and PartsDirect businesses.

Sears shares, which have lost nearly all of their value in the last five years, were down almost 10 percent at $2.90 in mid-day trading.


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