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Sears To Close 72 More Stores After 26th Quarter Of Declining Profits

Source: Justin Sullivan / Getty

STRONGSVILLE, OH (WOIO) –

Sears said Thursday it will be closing 72 more stores in 2018 as sales continue to plummet.

The former retail giant reported nearly $500 million in Q1 losses, and has identified at least 100 non-profitable stores, including two in Ohio.

Soon, the Southpark Center location in Strongsville and the Elida Road location in Lima will shutter.

“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,” the company said in a press release.

 

READ MORE: Cleveland19.com

Article Courtesy of WOIO Cleveland 19 News

First Picture Courtesy of Roberto Machado Noa and Getty Images

Second Picture Courtesy of Justin Sullivan and Getty Images

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