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Sears and Kmart will close at least 50 stores
aol.com
Sears and its subsidiary Kmart recently announced plans to close at least 50 stores sooner than expected.
Reportedly, the original plan was to close unprofitable stores over the coming months.
The rush to close this group now makes some sense, though. Sears' stock has been hovering around a 12-year-low, and its expected fourth quarter total revenue is almost a billion dollars lower than the year before.
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