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Sears, Kmart Closing More Stores

The parent company of Sears and Kmart plans to close 96 stores by February. It will leave the two retailers with just 182 locations, fewer than half the number remaining when Transformco, an entity controlled by Sears’ former CEO and his hedge fund, bought the company out of bankruptcy earlier this year. Sales at the closing stores are expected to start Dec. 2, the company said in a statement.

Read the whole story at Chicago Tribune »

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