Sears announces next store closures

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

Sears (OTCPK:SHLDQ) plans on closing another 40 stores early next year as it continues to slim its business, but stay open long enough, to find a potential buyer to avoid liquidation.

The retailer filed for bankruptcy on Oct. 15 with roughly 700 Sears and Kmart stores in operation. It announced at the time it would be shutter 142 unprofitable stores and warned more closures could follow.

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