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Sears at Midway Mall in Elyria set to close

Posted at 5:24 PM, Jun 06, 2017
and last updated 2017-06-06 17:27:35-04

Sears at Midway Mall in Elyria is set to close this year, the company announced Tuesday. 

The Elyria store will remain open for customers until September, according to a company spokesperson. 

A liquidation sale for the location will begin on June 16. The Sears Auto Center will remain open. 

Sears announced in January that it would close 109 Kmart stores and 41 of its namesake Sears outlets. 

In March, the company indicated it had 'substantial doubt' about its future. At the time, Sears Holdings said it can't be sure it can raise the cash it needs through loans and debt financing. 

The company lost $2.2 billion in the fiscal year ending in January and has not turned an annual profit since 2010. Its losses since then total $10.4 billion.