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Hundreds More Sears, Kmarts Employees Axed

The parent company of Sears and Kmart laid off hundreds of employees at its suburban Chicago headquarters Thursday, just a week after announcing plans to close about a third of its remaining stores. The company laid off 250 employees two months ago. The retailer is heading into the holidays with 278 Sears and Kmart stores -- but 96 are expected to close by February, according to the Chicago Tribune.

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