2 Tampa stores among next round of Sears, Kmart closures

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Earns Sears Holdings_1526832239923

Patrons shop in a Sears store at Westfield’s Great Northern Mall in North Olmsted, Ohio on Thursday, May 29, 2008. Retailer Sears Holdings Corp. posted its largest quarterly loss Thursday since Sears and Kmart combined, providing surprising results far below Wall Street forecasts and issuing a dour sales forecast for the remainder of the year. […]

Two stores in Tampa are among the next round of Sears and Kmart locations closing this year, the company announced Thursday.

According to Business Insider, the Kmart located on 5400 E Busch Blvd. and the Sears located at 7902 Citrus Park Town Center will be closing at a date to be determined. 

The struggling retailer said Thursday that it has identified about 100 stores that are no longer turning profits, and 72 of those locations will be shuttered soon.

Sears Holdings Corp., based in Hoffman Estates, Illinois, lost $424 million, or $3.93 per share, in its first quarter.

It earned $245 million, or $2.29 per share, a year earlier, a quarter that included a $492 million gain tied to the sale of the Craftsman brand.

Revenue tumbled more than 30 percent to $2.89 billion, with store closings already under way contributing to almost two thirds of the decline.

Shares are down more than 3 percent before the opening bell.
 

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April 24 2021 08:00 am

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