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Please make sure your browser supports JavaScript and cookies and that you are not blocking them from loading. For more information you can review our Terms of Service and Cookie Policy.</s>NEW YORK (CNNMoney) -- Sears is shutting down 150 more stores, yet another sign of how tough it is for former kings of the retail industry to compete in a world now dominated by Amazon.

Sears said on Thursday that it would close 109 Kmart stores and 41 of its namesake Sears outlets. The announcement came on the same day that Sears disclosed plans to sell its iconic Craftsman tool brand to Stanley Black & Decker.

The company did not say how many workers would be affected by the store closures.

But a spokesperson said that most of them were part-time workers and that "we are committed to treating these associates with respect and compassion during this process."

Sears also closed 78 stores last year and more than 200 in 2015.

The news also follows disappointing holiday results from other retail stores: Macy's -- which is also closing stores and laying off workers -- and Kohl's.

Sears CEO Eddie Lampert said in a statement that the company was "taking strong, decisive actions...to stabilize the company and improve our financial flexibility in what remains a challenging retail environment."

The company noted that while the 150 stores collectively reported sales of $1.2 billion over the past 12 months, they also lost about $60 million. Sears has to stop the bleeding somehow, because the entire company is losing money.

"The decision to close stores is a difficult but necessary step as we take actions to strengthen the company's operations and fund its transformation," Lampert said.

"Many of these stores have struggled with their financial performance for years and we have kept them open to maintain local jobs and in the hopes that they would turn around," he added.

Lampert stressed that the only way for the whole company to return to profitability will be for Sears to focus more on its better performing stores. (Click here for a list of the Kmart and Sears stores that are getting shut down.)

The company said that workers at the closing stores will receive severance payments and also have the opportunity to apply for positions at other Sears and Kmart stores in their area. And liquidation sales at the affected stores will begin on Friday.

Sears stock rose more than 5 percent on Thursday despite the bad news. But Macy's, Kohl's and other retailers sank.

Meanwhile, Amazon rose more than 2 percent.</s>CLOSE The ailing retailer said Thursday that it had reached a deal to sell the tools brand to Stanley Black & Decker for a net present value of about $900 million, including future royalty payments. USA TODAY

Shoppers line up for the opening of a Kmart store on Thanksgiving night. (Photo: Tasos Katopodis, Getty Images)

Sears Holding, parent company of department stores Kmart and Sears, will be closing 150 stores this spring. That includes 108 Kmart and 42 Sears locations in 40 states.

The company said liquidation sales will begin as early as January 6 at all of the closing stores. Most of the stores will close at the end or March except for a few that will close mid-February or mid-March.

Related:

Macy's is closing 68 stores. Here is the list

Sears closing 150 stores, selling Craftsman in attempt to survive

Here is a list of the Kmart and Sears stores set to close:

Alabama

Kmart 300 Highway 78 E, Jasper AL

Kmart 2003 US Hwy 280 Bypass, Phenix City AL

Sears* 301 Cox Creek Pkwy, Florence AL

Arkansas

Sears 1901 S Caraway Road Jonesboro AR

California

Kmart 3600 Wilson Road, Bakersfield CA

Kmart 25 West Polk Street, Coalinga CA

Kmart 333 Sierra Street, Kingsburg CA

Kmart 3001 Iowa Avenue, Riverside CA

Colorado

Kmart: 363 S Broadway, Denver CO

Kmart: 2809 North Ave, Grand Junction CO

Connecticut

Kmart 45 Shunpike Road, Cromwell CT (set to close mid-March)

Sears 90 Elm St; Enfield Sq, Enfield CT

Florida

Kmart 501 N Beneva Road, Sarasota FL

Kmart 1801 Northwest Hwy 19, Crystal River FL

Kmart 15271 Mcgregor Blvd, Fort Myers FL

Kmart 2111 S Federal Hwy, Fort Pierce FL

Kmart 1501 Normandy Village, Jacksonville FL

Kmart 2211 W Irlo Bronson Hwy, Kissimmee FL

Kmart 19400 Cochran Blvd, Port Charlotte FL

Kmart 4955 Golden Gate Parkway, Naples FL

Kmart 111 Town & Country Drive, Palatka FL

Sears* 301 Eagle Ridge Dr, Lake Wales FL

Georgia

Kmart: 3200 Macon Road, Columbus GA

Kmart: 365 Habersham Village Circle, Cornelia GA

Kmart: 1601 Highway 40 East, Kingsland GA

Kmart 33 W Montgomery Cross Road Savannah GA

Sears* Albany Mall Albany GA

Sears 5555 Whittlesey Blvd Columbus GA

Hawaii

Kmart 4561 Salt Lake Blvd Halawa / Honolullu HI

Illinois

Kmart 2851 Belt Line Parkway Alton IL

Kmart 3655 Nameoki Road Granite City IL

Indiana

Kmart 750 Indian Boundary Road Chesterton IN

Kmart 1460 West State Road 2 La Porte IN

Sears 1235 S Reed Road Kokomo IN

Iowa

Kmart: 2600 Dodge Street, Dubuque IA

Kmart: 5700 Gordon Drive, Sioux City IA

Kmart: 3810 University Avenue, Waterloo IA

Kansas

Kmart 4820 S 4th St Trafficway Leavenworth KS

Kmart 4200 W Kellogg Dr Wichita KS

Sears 2259 S 9th St Salina KS

Kentucky

Kmart 191 Outer Loop Road Louisville KY

Kmart 2945 Scottsville Road Bowling Green KY

Kmart 14662 N US Highway 25 East Corbin KY

Kmart 1501 Paris Pike Georgetown KY

Kmart 3010 Fort Campbell Blvd Hopkinsville KY

Kmart 1710 West Highway 192 London KY

Kmart 2815 West Parrish Avenue Owensboro KY

Sears* 5101 Hinkleville Road Paducah KY

Louisiana

Kmart 115 South Airline Hwy Gonzales LA

Kmart 1400 S Clearview Parkway New Orleans LA

Sears* 9001 Cortana Mall Baton Rouge / Cortana LA

Sears* 197 Westbank Expressway Gretna LA

Maine

Kmart 688 Hogan Road Bangor ME

Sears* 10 Whitten Road Augusta ME

Maryland

Kmart 222 N Point Blvd Baltimore MD

Massachusetts

Kmart 9 Plaza Way Fairhaven MA

Kmart 1130 Newport Avenue South Attleboro MA

Sears* 262 Swansea Mall Drive Swansea MA

Michigan

Kmart 29600 Ford Road Garden City MI

Kmart 3555 O'Neill Drive Jackson MI

Kmart 1396 South Main Street Adrian MI

Kmart 5400 S Cedar Street Lansing MI

Kmart 1501 E Apple Ave Muskegon MI

Kmart 40855 Ann Arbor Road Plymouth MI

Kmart 17580 Frazho Road Roseville MI

Kmart 3541 Highland Road Waterford MI

Kmart 165 Wayne Road Westland MI

Kmart 6455 US 31 N Acme Township MI

Sears* 3099 28th St SE Grand Rapids MI

Minnesota

Kmart 1305 Highway 10 West Detroit Lakes MN

Sears* 12737 Riverdale Blvd NW Coon Rapids MN

Sears* 1850 Adams St Mankato MN

Missouri

Kmart 1477 State Highway 248 Branson MO

Kmart 2304 Missouri Blvd Jefferson City MO

Kmart 1003 S Bishop Ave Rolla MO

Kmart 3101 S Glenstone Ave Springfield MO

Kmart 6650 Manchester Ave St Louis MO

Sears* 3600 Country Club Dr Jefferson Cty MO

Sears 3702 Frederick Ave Saint Joseph MO

Nevada

Kmart 10405 S Eastern Ave Henderson NV

New Jersey

Kmart 1468 Clementon Road Clementon NJ

Kmart 645 Highway 18 East Brunswick NJ

Kmart 800 Black Horse Pike Pleasantville NJ

Kmart Rte 9 & Rte 47 Rio Grande NJ

New Mexico

Sears 1000 S Main St Roswell NM

New York

Kmart 4645 Commercial Drive New Hartford NY

Sears* 1261 Niagara Falls Blvd Amherst NY

Sears* 2000 Walden Ave Cheektowaga NY

Sears* 1 N Galleria Dr Middletown NY

Sears 9605 Queens Blvd Rego Park NY

North Carolina

Kmart 545 US Hwy 29 North Concord NC

Kmart 1931 Skibo Road Fayetteville NC

Kmart 201 N Berkeley Blvd Goldsboro NC

Kmart 102 New Market Madison NC

Kmart 815 S College Road Wilmington NC

North Dakota

Sears* 3902 13th Ave South Fargo ND

Ohio

Kmart 1500 Coshocton Ave Mount Vernon OH

Kmart 185 Upper River Road Gallipolis OH

Kmart 1005 East Columbus St Kenton OH

Kmart 225 West Avenue New Boston OH

Kmart 1284 Brice Road Reynoldsburg OH

Kmart I-70 & Mall Road St. Clairsville OH

Kmart 3515 N Maple Avenue Zanesville OH

Sears* 2000 Brittain Road Akron OH

Sears* 1075 N Bridge St Chillicothe OH

Sears* 1701 River Valley Circle S Lancaster OH

Sears* Richmond Mall Richmond Hts OH

Oklahoma

Kmart 4 East Shawnee St Muskogee OK

Sears 428 SW C Ave Lawton OK

Sears 1901 S Yale Ave Tulsa OK

Pennsylvania

Kmart 5820 Shaffer Road Dubois PA

Kmart 1320 E Grandview Blvd Erie PA

Kmart 1890 Fruitville Pike Lancaster PA

Kmart 5600 Carlisle Pike US 11 Mechanicsburg PA (set to close mid-February)

Kmart 120 Mall Blvd Monroeville PA

Kmart 100 Cross Roads Plz Mt. Pleasant PA

Sears* 1 Susquehanna Valley Mall Dr Selinsgrove PA

Sears* 1500 Mall Run Road Uniontown PA

Sears* 3595 Capital City Mall Camp Hill PA (set to close mid-February)

Sears 3245 E State St Hermitage/Sharon PA

Rhode Island

Sears* 1500 Diamond Hill Road Woonsocket RI

South Carolina

Kmart 3801 B Clemson Blvd Anderson SC

Kmart 254 Highway 72 By-Pass Greenwood SC

Kmart 8571 Rivers Avenue North Charleston SC

Sears* 2701 David H Mcleod Blvd Florence SC (set to close mid-February)

South Dakota

Kmart 3020 W 12th St Sioux Falls SD

Tennessee

Kmart 305 W Economy Road Morristown TN

Sears* 2101 Fort Henry Dr Kingsport TN

Texas

Kmart 1120 Mc Rae Blvd El Paso TX

Kmart 9484 Dyer St El Paso TX

Kmart 1101 Fort Hood Street Killeen TX

Kmart 3061 S John Redditt Dr Lufkin TX

Sears* 4101 E 42nd St Odessa TX

Utah

Kmart 1153 W Highway 40 Vernal UT

Kmart 2010 N Main St Layton UT

Virginia

Kmart 1419 Hershberger Road N W Roanoke VA

Kmart 3655 Plank Road Fredericksburg VA

Kmart 6101 N Military Hwy Norfolk VA

Kmart 1355 West Main Street Salem VA

Sears* 500 Gate City Hwy Bristol VA

Washington

Kmart 5132 6th Ave Tacoma WA

Sears* 18600 Alderwood Mall Pkwy Lynnwood WA

West Virginia

Kmart 731 Beverly Pike Elkins WV

Kmart 1050 Division Street Parkersburg WV

Kmart 250 Three Springs Drive Weirton WV

Sears 225 Meadowbrook Road Bridgeport WV

Sears* Towne Center Mall Charleston WV

Wisconsin

Kmart 1425 E Highway 151 Platteville WI

Kmart 2211 S Green Bay Road Racine WI

Wyoming

Kmart 1840 Dell Range Blvd Cheyenne WY

* Sears Auto Center will be closed at this location

Read or Share this story: http://usat.ly/2hWtmja</s>NEW YORK (CNNMoney) -- Sears is shutting down 150 more stores, yet another sign of how tough it is for former kings of the retail industry to compete in a world now dominated by Amazon.

Sears said on Thursday that it would close 109 Kmart stores and 41 of its namesake Sears outlets. The announcement came on the same day that Sears disclosed plans to sell its iconic Craftsman tool brand to Stanley Black & Decker.

The company did not say how many workers would be affected by the store closures.

But a spokesperson said that most of them were part-time workers and that "we are committed to treating these associates with respect and compassion during this process."

Sears also closed 78 stores last year and more than 200 in 2015.

The news also follows disappointing holiday results from other retail stores: Macy's -- which is also closing stores and laying off workers -- and Kohl's.

Sears CEO Eddie Lampert said in a statement that the company was "taking strong, decisive actions...to stabilize the company and improve our financial flexibility in what remains a challenging retail environment."

The company noted that while the 150 stores collectively reported sales of $1.2 billion over the past 12 months, they also lost about $60 million. Sears has to stop the bleeding somehow, because the entire company is losing money.

"The decision to close stores is a difficult but necessary step as we take actions to strengthen the company's operations and fund its transformation," Lampert said.

"Many of these stores have struggled with their financial performance for years and we have kept them open to maintain local jobs and in the hopes that they would turn around," he added.

Lampert stressed that the only way for the whole company to return to profitability will be for Sears to focus more on its better performing stores. (Click here for a list of the Kmart and Sears stores that are getting shut down.)

The company said that workers at the closing stores will receive severance payments and also have the opportunity to apply for positions at other Sears and Kmart stores in their area. And liquidation sales at the affected stores will begin on Friday.

Sears stock rose more than 5 percent on Thursday despite the bad news. But Macy's, Kohl's and other retailers sank.

Meanwhile, Amazon rose more than 2 percent.</s>SALINA — The Sears store in Salina will be closing this spring. According to a release from Sears Holding, the Central Mall location will be closing by the end of March. It appears to be the only Sears in Kansas to close.

Sears has been at the Central Mall since the mall opened in the 1980s. Before then, it was located at the corner of Santa Fe and Prescott and what was known as the Sears Center. The release indicates the Sears Auto Center in Salina will not be closed. Two Kmart stores will be closing in Kansas, one in Leavenworth and the other in Wichita.

The following statement is from a media release from Sears Holding.

“Sears Holdings will continue to strategically and aggressively evaluate our store space and productivity, and accelerate the closing of some unprofitable stores as the company has previously announced. As such:

 •

 On Wednesday, January 4,

 2017, the company informed associates at 78 Kmart stores and 26 Sears stores that their stores would be closing this spring.

 •

 On Tuesday,

 December 27, 2016, the company informed associates at 30 Kmart stores and 16 S ears stores that their stores would be closing this spring.

The decision to close stores is a difficult but necessary step as we take actions to strengthen the Company’s operations and fund its transformation. Many of these stores have struggled with their financial performance for years and we have kept them open to maintain local jobs and in the hopes that they would turn around. But in order to meet our objective of returning to profitability, we have to make tough decisions and will continue to do so, which will give our better performing stores a chance at success. Eligible associates impacted by these store closures will receive severance and will have the opportunity t o apply for open positions at area Kmart or Sears stores.”

Liquidation sales will begin as early as January 6 at all closing stores.</s>HOFFMAN ESTATES, Ill. – Just four days into 2017, Sears Holdings announced the closure of dozens of additional Kmart and Sears locations.

On Wednesday, the company informed workers at 78 Kmart Stores and 26 Sears stores that their locations would be closing. The announcement came days after employees at another 30 Kmart stores and 16 Sears stores across the country were informed their outlets would be shuttered.

Most of the stores will be closing their doors by the end of March 2017.

A statement from the Sears Holdings says, "The decision to close stores is a difficult but necessary step as we take actions to strengthen the Company’s operations and fund its transformation. Many of these stores have struggled with their financial performance for years and we have kept them open to maintain local jobs and in the hopes that they would turn around. But in order to meet our objective of returning to profitability, we have to make tough decisions and will continue to do so, which will give our better performing stores a chance at success. Eligible associates impacted by these store closures will receive severance and will have the opportunity to apply for open positions at area Kmart or Sears stores.”

Liquidation sales will begin as early as January 6 at all closing stores.

All stores above will close at the end of March except for the following locations:

* Sears Auto Center will be closed at this location</s>HOFFMAN ESTATES, Ill. – Just four days into 2017, Sears Holdings announced the closure of dozens of additional Kmart and Sears locations.

On Wednesday, the company informed workers at 78 Kmart Stores and 26 Sears stores that their locations would be closing. The announcement came days after employees at another 30 Kmart stores and 16 Sears stores across the country were informed their outlets would be shuttered.

Most of the stores will be closing their doors by the end of March 2017.

A statement from the Sears Holdings says, "The decision to close stores is a difficult but necessary step as we take actions to strengthen the Company’s operations and fund its transformation. Many of these stores have struggled with their financial performance for years and we have kept them open to maintain local jobs and in the hopes that they would turn around. But in order to meet our objective of returning to profitability, we have to make tough decisions and will continue to do so, which will give our better performing stores a chance at success. Eligible associates impacted by these store closures will receive severance and will have the opportunity to apply for open positions at area Kmart or Sears stores.”

Liquidation sales will begin as early as January 6 at all closing stores.

All stores above will close at the end of March except for the following locations:

* Sears Auto Center will be closed at this location</s>NEW YORK (CNNMoney) -- Sears is shutting down 150 more stores, yet another sign of how tough it is for former kings of the retail industry to compete in a world now dominated by Amazon.

Sears said on Thursday that it would close 109 Kmart stores and 41 of its namesake Sears outlets. The announcement came on the same day that Sears disclosed plans to sell its iconic Craftsman tool brand to Stanley Black & Decker.

The company did not say how many workers would be affected by the store closures.

But a spokesperson said that most of them were part-time workers and that "we are committed to treating these associates with respect and compassion during this process."

Sears also closed 78 stores last year and more than 200 in 2015.

The news also follows disappointing holiday results from other retail stores: Macy's -- which is also closing stores and laying off workers -- and Kohl's.

Sears CEO Eddie Lampert said in a statement that the company was "taking strong, decisive actions...to stabilize the company and improve our financial flexibility in what remains a challenging retail environment."

The company noted that while the 150 stores collectively reported sales of $1.2 billion over the past 12 months, they also lost about $60 million. Sears has to stop the bleeding somehow, because the entire company is losing money.

"The decision to close stores is a difficult but necessary step as we take actions to strengthen the company's operations and fund its transformation," Lampert said.

"Many of these stores have struggled with their financial performance for years and we have kept them open to maintain local jobs and in the hopes that they would turn around," he added.

Lampert stressed that the only way for the whole company to return to profitability will be for Sears to focus more on its better performing stores. (Click here for a list of the Kmart and Sears stores that are getting shut down.)

The company said that workers at the closing stores will receive severance payments and also have the opportunity to apply for positions at other Sears and Kmart stores in their area. And liquidation sales at the affected stores will begin on Friday.

Sears stock rose more than 5 percent on Thursday despite the bad news. But Macy's, Kohl's and other retailers sank.

Meanwhile, Amazon rose more than 2 percent.</s>The retail carnage that usually comes around every January is sweeping across the Twin Cities.

On Thursday, Sears Holdings said its Sears stores in Coon Rapids and Mankato are among the 150 unprofitable Sears and Kmart stores it’s closing in its latest round of store closures. The Kmart store in Detroit Lakes is also being shut down.

Last year, the struggling company closed the Sears store at Eden Prairie Center and a Kmart in West St. Paul.

The news comes one day after Macy’s disclosed 68 of the 100 stores it plans to close, including its landmark in downtown Minneapolis on Nicollet Mall, a store that many Minnesotans still refer to as Dayton’s. That store will close in March. Macy’s is also shuttering its locations in Grand Forks, N.D. and La Crosse, Wisc.

Earlier this week, the women’s clothing retailer The Limited it shutting down its five metro area stores in the Twin Cities as well as many more across the nation as the chain heads toward bankruptcy. The last day for those stores will be Saturday.

This month is a popular time of year for retailers to prune their store portfolios after they assess their holiday sales and which stores continue to underperform. The store closures reflect how changing consumer habits, such as the shift toward online shopping and at offprice chains, has hurt department stores and many mall-based stores.

Sears, which was once the largest U.S. retailer, has been losing money for years. On Thursday, it said that same-store sales at Sears and Kmart in the first two months of the holiday quarter declined between 12 and 13 percent.

“Many of these stores have struggled with their financial performance for years and we have kept them open to maintain local jobs and in the hope that they would turn around,” CEO Eddie Lampert said in a statement. “But in order to meet our objective of returning to profitability, we have to make tough decisions and will continue to do so, which will give our better performing stores a chance at success.”

The 150 store closings, which include 108 Kmart stores and 42 Sears stores, represent about 10 percent of the company’s 1,500 stores. Liquidation sales will begin as soon as Friday and the stores will close by the end of March.

On Thursday, Sears also said it would sell its Craftsman tool brand to Stanley Black & Decker Inc. for about $900 million. Sears will continue to sell the products in its stores, but Stanley plans to expand their presence in other stores outside of Sears.

The Associated Press contributed to this report.</s>Macy's and Sears detailed massive closure plans Wednesday, shuttering more than 200 locations and shedding 10,000 jobs across the country.

Sears Holdings will close 108 Kmart and 42 Sears stores over the next few months, as it looks to stem its operating losses. The company released the list of stores it plans to close after an SEC filing from Seritage Growth Properties was posted Wednesday. The real estate investment trust disclosed that it would terminate the leases on 19 unprofitable stores that had been sold off to it.

Meanwhile, Macy's provided a list of 68 stores it has closed or will close by the middle of this year as part of a previously announced plan to close 100 stores. Macy's, which also disclosed plans to restructure its management, has been shifting its strategy to reallocate spending toward new store concepts and its website amid declining sales. Macy's will close another 30 or so locations over the next few years as leases or operating covenants expire, or sale transactions are completed.

Related: Sears to Ramp Up Store Closings Amid Further Losses

The industry has been keeping a close eye on where Sears and Macy's will go dark, as it could be a death knell for a mall to lose both anchor tenants.

In a note to investors on Tuesday, Morgan Stanley analysts said they had identified 578 malls that have Sears as a tenant — about 53 percent of those included in its proprietary database. More importantly, the firm noted that there is "high tenant overlap, with 350 of these malls (or 61 percent) having both Sears and Macy's as a tenant."

Click here for an interactive map showing the full list of proposed store closings.
Sears Holdings announces that 108 Kmart and 42 Sears stores will close in the United States in 2017, affecting retailers in 40 states. The company also announced it is selling its trademark Craftsman tool brand to Stanley Black & Decker for $900 million.