"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.
Sears Holdings Corp (SHLD.O), the one-time American retail giant, said on Thursday it plans to shutter another 72 locations to stem losses in the face of deepening financial distress and reported a almost 12 percent drop in quarterly comparable-store sales. That marks the more than five years of straight quarterly sales drop, according to FactSet. Employees at the 63 Sears and Kmart stores being closed had been notified of that decision, and the stores would close by September 2018, the announcement said.
The latest closings underscore the deep-rooted problems at Sears, which was once a one-time powerhouse retailer that survived two world wars and the Great Depression but has been calving off pieces of itself as it burns through money. "By diminishing the quality of the in-store experience, Sears has basically trained consumers to avoid going inside". And Kenmore, the retailer's renowned appliance brand, became the latest potential sale after ESL Investments, the company's largest shareholder, headed by Lampert, said it might be interested in buying it.
Such a deal would infuse the debt-laden company, which also runs Kmart discount stores, with at least $500 million cash, helping it remain in business.
Shares of Sears tumbled another 3% on the results in premarket trading.
On Thursday, executives said they were looking into selling the retailer's Kenmore brand of appliances, which has been one of the bright spots in the company's performance. The results from the year-ago quarter included a $492 million benefit related to the sale of Craftsman.
Shares of Sears Holdings Corp., based outside of Chicago in Hoffman Estates, Illinois, fell more than 4 percent before the opening bell Thursday.
Since taking over ownership in 2003 he has invested more than £1bn in Chelsea and "continues to support them financially". Sarri, Blanc or Zidane to replace Conte? Mr Abramovich has declined to comment on the claims.
But, his National Basketball Association finals-best 51 points, 8 rebounds and 8 assists weren't enough to beat the Warriors. Tristan Thompson got ejected for doing something, presumably, although it's unclear what exactly that something was.
Defence minister Nirmala Sitharaman recently said that any call for peace by Pakistan will be taken seriously by India . Indian foreign minister Sushma Swaraj (R) and Iranian foreign minister Javad Zarif (R).
The clashes came after hundreds of Palestinians have been killed by Israeli troops during weeks of protests on the Gaza border. Flames of rockets fired by Palestinian militants are seen over Gaza Strip toward Israeli lands, early Wednesday.
Trump has been claiming since his early days as president that he was spied upon by President Barack Obama's administration. In a tweet Thursday morning he called it "one of the biggest political scandals in US history".
German media reports have suggested the animals' enclosures were damaged in a storm, after a river overflowed and damaged fences. Residents in western Germany are being told to stay indoors after two lions, two tigers and a jaguar escaped from a zoo.
It follows the imposition of a 25 percent tariff on all steel imports and 10 percent on aluminum imports from China. The status of the agreement is unclear now that United States tariffs look set to go forward.
It's unclear what "statements" Trump is referencing in the tweet, but it likely relates to ABC News' coverage of his presidency. Later, she moderated her stance: "no, I understand her position and why she said what she said. i forgive her".
Filmmaker and author Dinesh D'Souza speaks at the 2014 Republican Leadership Conference on May 31, 2014, in New Orleans. Before pleading guilty, D'Souza claimed he was targeted for federal prosecution because of his anti-Obama views.
Pro-Kremlin activists unleashed a campaign of harassment against Babchenko, forcing him to flee Russian Federation past year . The head of Ukraine's security services, Vasyl Hrytsak, told reporters the "murder" had been staged to expose Russian agents.
He and Kim Jong-un's sister were the only North Korean officials to attend the first inter-Korean summit in April. The State Department said a separate team of White House officials has headed to Singapore to sort out logistics.
European Union to refer China to trade body in tech spat
Beer, iPhones and plane tickets are all likely to get more expensive in the next few months thanks to President Donald Trump . Canada's planned retaliatory measures will take effect July 1 and stay in place until the US backs down.