Sears just quietly announced more store closures in the US

SearsJoe Raedle/Getty ImagesA Sears store seen in 2014 in Coral Gables, Florida.

Sears Holdings is closing more stores in the US, in addition to the 245 closings that had already been announced this year.

The company announced the latest closures to store employees on Thursday, several workers told Business Insider.

Employees say the new list of closures contains 20 Sears department stores, including locations in Sarasota, Florida; Roseville, Michigan; Fairmont, Minnesota; and Toledo, Ohio.

Business Insider confirmed the closures with employees at each of the mentioned stores.

Sears did not immediately respond to a request for comment.

The closings will bring Sears’ store count to about 1,180, down from 2,073 five years ago.

Sears announced its first round of store closures in January. Three more rounds have been announced since then.

The latest closures were announced to employees on the same day that Sears Canada, which was spun off from Sears Holdings in 2012, revealed that it would be closing a quarter of its stores — 59 locations total — as part of a court-supervised restructuring.

The two companies operate independently of each other, but Sears Holdings CEO Eddie Lampert remains Sears’ Canada’s largest investor, with 45% of the company’s shares. Sears Holdings owns 12% of Sears Canada’s shares.

If you work at Sears and have a story to tell, email this reporter at [email protected]

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