Sears Holdings Corp. is shedding 46 more stores.
The company said today that store associates at the 46 unprofitable stores were notified this week that the locations would close in November. Liquidation sales are slated to begin Aug. 30.
“We continue to evaluate our network of stores, which is a critical component to our integrated retail transformation, and will make further adjustments as needed,” the company said. It also said the decision is “part of our ongoing efforts to streamline Sears Holdings’ operations, strengthen our capital position and focus on our best stores.”
Sears said eligible associates will receive severance, and will have the opportunity to apply for open positions at “area Kmart or Sears stores.”
The stores are spread cross the U.S., with California having the most stores — at five — that will be closed. New York will see four locations shuttered, while Florida and Georgia will see three stores closed in each state. Other states, such as Illinois, Massachusetts, New Hampshire, Ohio, Oregon, Texas and Wisconsin, will each see two stores closed. One store will be closed in the balance of each of the states impacted: Arizona, Colorado, Connecticut, Delaware, Indiana, Kentucky, Louisiana, Michigan, Missouri, Mississippi, New Jersey, North Carolina, Utah, Virginia, Washington, West Virginia and Wyoming.
Sears, which also operates the Kmart nameplate, has already closed 63 stores in January and 103 stores in April. It is set to close 40 stores by the end of August, and 78 by the end of September. After the November closures, Sears will have closed 330 Sears and Kmart stores. The company closed 358 stores last year.