3. Sears Holdings lost $2.2 billion in sales in 2016. In late March, the company issues a somber message and officials said there is "substantial doubt" that Kmart and Sears can continue to survive. The ominous warning came in an annual report filed with the Security and Exchange Commission.
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4. Sears has several locations in the Miami Valley, including anchor stores at the Dayton Mall and the Mall at Fairfield Commons and the Miami Valley Centre Mall in Piqua.
5. At least 8,600 stores are expected to close in 2017, as consumers shift their spending habits online. The effects of the closures are far-ranging, impacting the job market and retail destinations in Dayton, Springfield and Cincinnati. Retailers that have closed locations include: The Limited, Family Christian, RadioShack, Sears, Kmart, JC Penney, Macy's, BCBGMAXAZRIA, Bebe, Crocs, GameStop, American Apparel, Guess, Gander Mountain, Payless ShoeSource, and Rue21.