Decision Made About Milford Sears, Kmart Locations

MILFORD, CT — If you're a fan of Sears and Kmart then here is some good news for at least now. The company announced 63 locations across the country would close soon but none were from Connecticut. The Sears at 1201 Boston Post Road and the Kmart at 589 Bridgeport Avenue will both remain in business.

"As part of our ongoing efforts to streamline the Company's operations and focus on our Best Stores, we have identified approximately 100 non-profitable stores, 72 of which will begin store closing sales in the near future," the Hoffman Estates-based company said in a statement. "We continue to evaluate our network of stores, which are a critical component in our transformation, and will make further adjustments as needed and as warranted."

Sears reported a net loss of $424 million during the first quarter of 2018. During the first quarter last year, Sears saw earnings of $245 million, due in part to a $492 million gain related to the sale of the Craftsman brand.

"In a challenging quarter, we continued to focus on our strategic transformation, identifying additional opportunities to streamline operations and adjust inventory and operating expenses while staying focused on our Best Members, Best Categories and Best Stores," Chairman and Chief Executive Officer of Holdings Edward S. Lampert said in a statement.

Patch Staff including Shannon Antinori contributed to this story.