Lehigh Valley spared in latest round of Sears store closures

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Sears has also suffered from falling sales over the past few years as a shift towards online shopping hit the retailer more than brick-and-mortar companies and the company last year flagged doubts about its ability to continue as a going concern.

Liquidation sales at the store will begin on June 14. While Lehigh Valley stores were spared in this latest round, three Pennsylvania stores were on the list: a Kmart in Latrobe, Westmoreland County, and two Sears in the Pittsburgh area.

Eligible employees will receive severances and will be able to apply for jobs at other area Sears and Kmart stores.

This news comes after Sears Holdings said on January 4 that it would close 64 Kmart and 39 Sears locations by April of this year.

According to the Associated Press, Sears lost $424 million, or $3.93 per share, for the period ended May 5.

Over the last several months, the company has been quietly closing additional stores, as Business Insider has previously reported. Sears CEO Eddie Lampert has been criticized as being distant, neglecting stores and customer service, and not innovating enough to keep the company evolving with the times.

The stores destined for closure have not yet been revealed, but the company said it would identify them in the "News/Media" section on their website by mid-day. Revenue, meanwhile, dropped more than 30 percent to $2.89 billion.

Sears, the struggling department store chain, said Thursday it would close another 72 Sears and Kmart stores as sales plummeted, continuing the decline of what was once the country's largest retailer.

Chief Executive Officer Edward Lampert has been striving to revive the company by closing unprofitable stores and selling or spinning off assets like its Lands' End clothing unit.

Topeka's Sears is closing its doors for good this fall.

Sears is also exploring the sale of its Kenmore brand.

Sears has cut its store count in half within the last five years.

Sales at stores open at least a year, a key gauge of a retailer's health, tumbled 11.9 percent.