Roanoke Kmart among stores to be shut down

Reuters

Liquidation sales at the closing stores begin as early as July 13.

This story has been corrected to reflect that the stores closing are Kmart stores, not Sears stores. Liquidation sales will begin in numerous stores as early as Thursday.

The store closings are in addition to 150 the company announced in January.

As of now, these 43 stores are scheduled to close in October.

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"We're losing the smaller discount stores", she said.

The company said that employees impacted by the closures would receive severance and also could apply for open positions at other nearby Kmart or Sears stores.

Sears is one of several national retail companies facing plunging profits and shuttering stores as shopping habits have changed in the past few years and online shopping has grown.

2017 has been a tough year for brick-and-mortar retailers, in general.

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The list includes eight Sears and 35 Kmart stores nationwide. Macy's plans to shut 68 stores.

The latest closings will bring Sears' store count to just over 1,100, down from almost 2,100 five years ago, according to businessinsider.com. Some vendors have "reduced" their support for the company over the past year - "thereby placing additional pressure on our business", according to the blog post. Two other stores in the city were closed in 2012.

Lampert added that the company is on track to achieve its $1.25 billion annualized cost savings target and continues to work to improve liquidity and reduce debt.

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