Since most of us grew up shopping at Sears, it's hard to imagine a future without the retailer around.
Unfortunately, the company has been struggling with finances over the last couple of years, and as a result has been forced to close hundreds of their stores. In fact, the retail chain's Canadian subsidiary had to be completely shuttered after 65 years of operation.
In the past year, they've shut down nearly 400 locations, and back in June, Sears announced that their losses continued to grow, so they would close 100 more stores that were no longer profitable. After re-evaluating, they released a list of only 63 stores that would shut their doors in the fall.
The company's chief financial officer said that the closures are "a critical component in our transformation," because it will allow them to "focus on our best stores, including our newer smaller-store formats."
While it may seem like a good strategy, it's hard to gauge just how well it's working for them as they've recently announced more store closures, according to CNN Money.
Sears will be ending operations at 46 locations, including 13 Kmart and 33 Sears stores.
"We continue to evaluate our network of stores, which is a critical component to our integrated retail transformation, and will make further adjustments as needed," Sears Holdings said in a statement to CNN Money.
Eddie Lampert, the company's CEO, made the decision to cut back on their brick-and-mortar stores as online shopping continues to dominate. Despite making deals with internet-based companies like Amazon, Sears has been unable to increase profit or recover its shares, which recently fell more than 85%.
Although this is terrible news for the retailer's employees and loyal customers, it's an opportunity for people looking to score a deal on certain items to shop at a discount. The stores are set to close by November, and the liquidation sales will begin on August 30.
Here are all the locations that will be affected by this decision:
Santa Cruz, California
Grand Junction, Colorado
Tampa, Florida (University Square Mall)
Fort Wayne, Indiana
Crabtree, North Carolina
Salem, New Hampshire
Manchester, New Hampshire
Mays Landing, New Jersey
Victor, New York
Glen Falls, New York
New Hyde Park, New York
Cincinnati, Ohio (at Northgate Mall)
Happy Valley, Oregon
Houston, Texas (at Memorial City Mall)
West Jordan, Utah
Eau Claire, Wisconsin
La Crosse, Wisconsin
Spring Valley, California
Los Angeles, California (6310 W. 3rd Street)
Cape Girardeau, Missouri
Riverhead, New York
Scott Depot, West Virginia