Sears is closing 64 Kmart stores and 39 Sears stores. Most of the stores will close by April.

The upcoming round of closures will leave the company with fewer than 940 stores, down from 3,510 six years ago.

Kmart has been among the hardest hit by recent closures in the retail industry. It will have about 400 stores left by May, down from 941 two years ago.



Sears is closing another 103 stores, on top of the 63 closing at the end of this month, the company said Thursday.

Most of the stores will close by April. The new list of closures includes 64 Kmart stores and 39 Sears stores.

"Sears Holdings continues its strategic assessment of the productivity of our Kmart and Sears store base and will continue to right size our store footprint in number and size," the company said in a statement. "In the process, as previously announced, we will continue to close some unprofitable stores as we transform our business model so that our physical store footprint and our digital capabilities match the needs and preferences of our members."

Sears has for years seen falling sales — down 45% since early 2013. Meanwhile, its debt load has spiked to over $4 billion, and it's losing well over $1 billion annually.

The company closed nearly 400 Sears and Kmart stores last year. The upcoming round of closures will leave it with fewer than 940 stores, down from 3,510 six years ago.

Investors have applauded Sears' efforts to rapidly close unprofitable stores. But sales have shown no signs of rebounding.

"Despite its significant efforts to reduce its stores, it has not materially improved its weak operating performance to date," Christina Boni, the vice president at Moody's Investors Service, wrote in a recent research note.

Kmart's business is particularly at risk, Boni said, given its "meaningful market share erosion and estimated reduction of stores in excess of 30% this year."

Two years ago, Kmart had 941 stores. After the upcoming round of closures, it will have about 400.

Here's a full list of the stores closing:

Kmart:

1 Kmart Plaza/State Highway 89, Cabot, Arkansas

8701 West McDowell, Tolleson, Arizona

750 West Deuce Of Clubs, Show Low, Arizona

301 Gardner Field Road, Taft, California

8017 South Atlantic Ave., Cudahy, California

1670 East 4th St., Ontario, California

1570 W. Branch St., Arroyo Grande, California

2685 Hilltop Drive, Redding, California

3020 N. Nevada St., Colorado Springs, Colorado

1002 East Highway 50, Clermont, Florida

10301 S. E. US Highway 441, Belleview, Florida

3711 E. Silver Spring Blvd., Ocala, Florida

430 Northside Drive, East Statesboro, Georgia

2525 Dawson Road, Albany, Georgia

950 Sunset Blvd., Jesup, Georgia

2501 N. Broadway St., Red Oak, Iowa

7501 Hickman Road, Urbandale, Iowa

Route 149 West, West Frankfort, Illinois

3404 Broadway St., Mount Vernon, Illinois

1321 Sandy Hollow Road, Rockford, Illinois

5101 E. Thompson Road, Indianapolis, Indiana

3175 W. 3rd St., Bloomington, Indiana

4830 S. Broadway St., Wichita, Kansas

2440 Lone Oak Road, Paducah, Kentucky

3555 Highway 190, Mandeville, Louisiana

1647 Crofton Centre, Crofton, Maryland

301 Tilghman Road, Salisbury, Maryland

67300 Main St., Richmond, Michigan

205 S. Greenville W. Drive, Greenville, Michigan

1700 Cedar St., Helena, Montana

3300 Harrison Ave., Butte, Montana

706 E. Dixon Blvd., Shelby, North Carolina

2515 Horner Blvd., Sanford, North Carolina

395 Westgate Plaza Road, Franklin, North Carolina

175 Freedom Way, Midway Park, North Carolina

815 E. Innes St., Salisbury, North Carolina

701 5th Ave. SE, Devils Lake, North Dakota

Milton Road, Rochester, New Hampshire

1235 S. 2nd St., Raton, New Mexico

2100 E. Tucumcari Blvd., Tucumcari, New Mexico

4500 N. Rancho Drive, Las Vegas, Nevada

2671 N. Las Vegas Blvd., North Las Vegas, Nevada

57 Centre Drive, Plattsburgh, New York

2100 Niles Cortland Road SE, Warren, Ohio

4010 W. Owen Garriott Road, Enid, Oklahoma

1025 Washington Pike, Bridgeville, Pennsylvania

2900 N. Elmira St., Sayre, Pennsylvania

463 N. Enola Routes 11 and 15, Enola, Pennsylvania

5050 Jonestown Road, Harrisburg, Pennsylvania

5 Laurel Mall, Hazleton Township, Pennsylvania

1874 N. Township Blvd., Pittston, Pennsylvania

2235 E. State St., Hermitage, Pennsylvania

3301 Aramingo Ave., Philadelphia, Pennsylvania

491 Allegheny Blvd., Franklin, Pennsylvania

650 Old Willow Ave., Honesdale, Pennsylvania

190 Cumberland Square, Crossville, Tennessee

230 Longhollow Pike, Goodlettsville, Tennessee

1317 Tusculum Blvd., Greeneville, Tennessee

1400 Wildcat Drive, Portland, Texas

2 Diamond Run Mall, Rutland, Vermont

1201 Louisiana Ave. NW, Chehalis, Washington

5636 US Route 60, East Huntington, West Virginia

102 Emily Drive, Clarksburg, West Virginia

1477 Maccorkle Ave., Saint Albans, West Virginia

Sears: