Sears, Kmart closing more stores

|About: Sears Holdings Corporation (SHLD)|By:, SA News Editor

Sears (NASDAQ:SHLD) is shuttering another round of stores ahead of the holidays as it tries to stabilize its finances amid deteriorating sales.

At least six Sears outlets and five Kmart locations are scheduled to close in November and December, with some layoffs set to begin two days before Christmas.

The company had cut its store count to 866 stores as of last month, down from 1,980 five years ago.

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