'Non-profitable' central Illinois Sears to close

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After the latest closings, there will be about 820 Sears and Kmart stores, down from about 2,000 locations five years ago.

The Sears Auto Center outside the store on Linden Road will close sometime in late June. The list includes 15 Kmart and 48 Sears stores across the United States.

The retailer said Thursday it had set its sights on 100 unprofitable stores, and closing sales would start at 63 of them "in the near future". For instance, a North Babylon location it closed in 2012 on Deer Park Avenue is now occupied by arts and crafts chain Michaels.

Sears previously announced a list of 166 store closures that took effect this year.

Sears has suffered from the same negative factors that have affected department stores and brick-and-mortar retail in general, but it has also faced unique challenges.

Sears said Thursday that it's closing another 72 stores, on top of the more than 160 locations that the company has already shuttered this year.

The Sears store inside the Honey Creek Mall will remain open.

Sears is closing more stores.

The Sears at the Genesee Valley Center mall is among the growing list to close.

In 2011, when it posted its last increase in revenue, the company reported $9.4 billion.

Sears, founded in 1893 as a mail-order business, has faced a number of hurdles in recent years as consumers increasingly shop online.

The lower sales resulted in a $424 million loss for Sears Holdings, the holding company that owns by Sears and Kmart.

Sears has tried to sell those brands and businesses before. Last year's gain included $492 million from the sale of Sears' Craftsman tool brand to Stanley Black & Decker, a deal valued at roughly $900 million overall.

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