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Sears Says It’s Likely to Close Many More Stores as Sales Slide Worsens…

December 9, 2016 at 3:22 pm

The struggling retailer, which owns the Sears and Kmart chains, on Thursday reported a $748 million net loss in the third quarter, its worst performance in years. And comparable sales, which exclude the impact of stores closed in the preceding year, fell 4.4% at Kmart and 10% at Sears, deeper drops…

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