Sears to close 46 unprofitable stores in November

Sears Swings the Axe Again Find Out If Your Local Store Is About to CloseMore

Sears Swings the Axe Again Find Out If Your Local Store Is About to CloseMore

Liquidation sales at stores on the new list of closings will start August 30, Sears Holdings said.

Sears at Eastview Mall will close by the end of September, leaving the Rochester area with only one location of the once-ubiquitous retail store.

One location in MI is on the chopping block: Sears at the Jackson Crossing Shopping Center off I-94 in Jackson.

Sears initially announced that it would close 100 unprofitable stores in January, and this list has increased through the year.

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It may not be over, either, the company implied in its statement announcing the closures.

As previously reported by FOX Business, Sears added 43 stores to its list in July, which at that point had increased to 265. ESL submitted a bid for the store's Kenmore and Sears Home Improvement businesses at a valuation of around $470 million, according to a regulatory filing last week. A media release said the stores were "unprofitable". The new shutdowns, which also include several affiliated Sears Auto Center locations, affect states across the country.

Hit by decreased foot traffic and lackluster sales online, the company has closed hundreds of stores in recent years.

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