In its first quarter ending on May 5, Sears Holdings reported losing $424 million.
The year-ago quarter had a $492 million benefit related to the sale of Sears' Craftsman brand.
Even though the current retail environment is hard for many retailers, Sears' performance has been much worse than its rivals.
Liquidations sales are expected to start as soon as June 14.
A Kmart store at 9881 W. 58th Ave.in Arvada was on the list of closures the retailer released Thursday afternoon.
Business Insider noted that revenue for Sears has dropped more than 30 percent in the most recent quarter.
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After the three Sears stores close, the retailer will still have eight stores in the Dallas-Fort Worth market.
It also has Hometown Stores in 16 other Kansas cities.
Sales at Sears and Kmart stores open at least a year fell 13.4 percent and 9.5 percent, respectively, in the first quarter of 2018, compared with the same period in 2017, though sales of apparel, footwear and jewelry grew at both chains, Sears said. Worse, the retailer's sales base, seen in its comps, continues shrinking. Comparable sales fell by 11.9%, accounting for about 22% of the decline in top-line sales, with store closures accounting for most of the rest, according to the company's earnings report.
Sears is the second anchor store NorthPark Mall has lost in the past few months, after Bon-Ton announced it is closing stores nationwide this summer, including the Davenport Younkers.
The Topeka closing leaves Wichita as the only Kansas city with a traditional Sears department store.
Furthermore, Sears used to be a goliath in appliance sales, but other large retailers, such as Home Depot and Lowe's, compete strongly in that area now, Saunders said.
Sears has also said it received a letter from ESL Investments, expressing interest in participating as a purchaser of all or a portion of the sale Assets.
To stem losses, Sears has closed almost 400 stores since previous year, leaving 894 stores still open as of May 5.