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Sears To Close More Stores

Select Sears hometown dealer stores and Sears Hardware stores will be closed by Sears Holdings. The company will close 43 Sears hometown dealer stores and 10 Sears Hardware stores over the first half of 2012.

Said CEO Louis D'Ambrosio, "Given our performance and the difficult economic environment, especially for big-ticket items, we intend to implement a series of actions to reduce ongoing expenses, adjust our asset base, and accelerate the transformation of our business model. These actions will better enable us to focus our investments on serving our customers."

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