Eastland Mall Sears Safe for Now as Company Closes More Stores

(Photo: Christian Prenzler/AdaptBN)

(Photo: Christian Prenzler/AdaptBN)

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.