Eastland Mall Sears Safe for Now as Company Closes More Stores
The Sears at Bloomington’s Eastland Mall is not included in the company’s latest round of store closures.
Sears Holdings announced Thursday it will hold going-out-of-business sales at 63 Sears and Kmart stores, including five Illinois locations, beginning June 14.
The company said the stores are among 100 it identified as “non-profitable,” hinting at more closures to come.
The announcement accompanied Sears Holdings’ first quarter 2018 results, reporting $2.9B in revenues, down from $4.4B last quarter and $4.2B from first quarter 2017.
The company has cut its store count in half in the last five years, Business Insider reported.