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  • Sears (SHLD) will close 100-120 Kmart and Sears stores, and will take Q4 charges of $1.6B-2.4B. Quarter-to-date comparable sales are off 5.2%. "Given our performance and the difficult economic environment, especially for big-ticket items, we intend to implement a series of actions to reduce on-going expenses, adjust our asset base, and accelerate the transformation of our business model." (PR)  [View news story]
    Sears has been tanking for years. Eddie Lampert and the management team know nothing about retail. Time to short the daylights out of this company. I feel bad for the employees who will continue to suffer.
    Dec 27, 2011. 07:59 AM | 2 Likes Like |Link to Comment
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