With about a half-dozen stores in New York City, it is unclear which stores will shutter but the company is expected to announce closures Thursday, according to the Wall Street Journal.
Net loss attributable to the company was $424 million, or $3.93 per share, in the first quarter ended May 5, compared to a profit of $245 million, or $2.29 per share, a year earlier. Other chains like Walmart, Best Buy and even other department stores like Macy's have posted rosier results.
In the Triangle, Sears stores and automotive centers anchor Crabtree Valley Mall and Triangle Town Center in Raleigh and the Streets of Southpoint and Northgate Mall in Durham.
Sears is closing 72 Sears and Kmart stores.
After this round of closures, Sears will have about 800 stores, down from about 1,000 at the end of a year ago and far below the 2012 peak of 4,000 stores.
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Big box retailers such as Sears have been hit hard in recent years.
"We continue to evaluate our network of stores, which are a critical component in our transformation, and will make further adjustments as needed and as warranted".
Revenue fell 31.2 percent to $2.89 billion in the reported quarter.
Topeka's Sears is closing its doors for good this fall.
Shares of the struggling department store operator, which have lost almost all its in the last five years, fell 10 percent to $2.89 in premarket trading.
There are also independently owned Sears Hometown stores in East Wareham, Great Barrington and Hadley.