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Spinoffs Continue As Sears Slips Off Another Ledge

Well, discounts don't seem to be working. Sears is closing 80 stores this year and mulling selling its auto centers. The Hoffman Estates, Ill.-based company posted a steep first-quarter loss Thursday as revenue continued its seven-year slide, with a $402 million loss in the first quarter. That's worse than the $279 million it lost during the same period a year ago.

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