Dozens of Kmart and Sears stores closing; None in Nebraska

Sears to close at least 72 more stores

The only central IL store expected to close is a Sears in Springfield, located at 104 West White Oaks Mall.

No word on when the store closings will begin.

Sears says that eligible employees affected by the closures will receive severance and have the opportunity to apply for open positions at local Kmart or Sears stores.

The auto center at the Metrocenter Sears was scheduled to shut down in late June.

After the latest closings, there will be about 820 Sears and Kmart stores, down from about 2,000 locations five years ago.

Sears Holdings announced earlier today it would close 72 more stores that are unprofitable.

"Customers can use the store locator function on our websites to find the location of their nearest Kmart and Sears stores", the company reports. The company initially said it planned to close 72 stores in an earlier statement on Thursday, but said it is now further evaluating some of those closures.

Earlier in the day Sears said it would be closing 72 stores, but chose to further evaluate nine locations.

Over the last several months, the company has been quietly closing additional stores, as Business Insider has previously reported.

"Amazon is hurting these traditional retailers".

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.

Big box retailers such as Sears have been hit hard in recent years.

"We will be working with them closely as the plans are finalized by Sears Holding as to the future of the building". Revenue fell more than 30 percent to $2.89 billion.

The operator of Sears and Kmart stores posted a first-quarter loss of $3.93 a diluted share.

Shares are down more than three percent before the opening bell. The retailer has been in a sales slide for awhile, a good portion of that from the fewer stores actually still around.