NEW YORK: The Sears store at Southpark Center in Strongsville will close by early September, the latest Northeast Ohio location to fall victim as the struggling retailer retrenches.

The Strongsville site and another in Lima are the only two Ohio stores among another 63 store closures announced by Sears Holdings on Thursday.

The retailer said it has identified about 100 Sears and Kmart stores that are no longer turning a profit, and the majority of those locations will be shuttered soon.

After this round of closures, the company will have about 800 stores, down from about 1,000 at the end of last year and far below the 2012 peak of 4,000 stores.

Sears also posted a quarterly loss of $424 million and said store closings already underway contributed to a drop of more than 30 percent in revenue. That marks more than five years of consecutive quarterly sales drop, according to FactSet.

Sales at established stores, a key gauge of a retailer’s health, tumbled nearly 12 percent, down 9.5 percent at Kmart stores and 13.4 percent at Sears.

Rob Riecker, Sears’ chief financial officer, said in a pre-recorded call that the company’s stores are “a critical component in our transformation.”

But to meet customer needs and improve financial results, Sears must close poorly performing stores and “focus on our best stores, including our newer smaller-store formats,” he said, according to a transcript of the call.

The latest closings underscore the deep-rooted problems at Sears, which was once a powerhouse retailer that survived two world wars and the Great Depression but has been calving off pieces of itself as it burns through money.

“The demise of Sears has felt like a prolonged, drip, drip, drip as evidenced by the string of quarterly sales numbers,” said Mark Hamrick, Bankrate.com senior economic analyst. “Essentially, it has been injury by a thousand cuts, whether by failing to staff stores to provide customers with good experiences or by failing to stock better quality merchandise in its stores.”

Chairman and CEO Edward Lampert, who combined Sears and Kmart in 2005 after helping to bring the latter out of bankruptcy, has long pledged to save the famed retailer, which started in the 1880s as a mail-order catalog business.

Shares of Sears Holdings Corp., based in Hoffman Estates, Illinois, fell 11 percent, or 36 cents, to $2.86 on Thursday.