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  • Editor’s Picks / 04 December 2014 at 22:48 GMT

    Sears shuts the door on more stores

    Sears says it's accelerating the number of stores it plans to close this year, boosting its list from the 130 underperforming stores it announced in its second-quarter earnings release, to a total of 235. The struggling department store announced an adjusted net loss of $296 million on Thursday – in line with the updated guidance it gave in November. Analysts called the move a step in the right direction for the company, which has been tapping into its real estate to find creative ways to compensate for downward-spiralling sales.
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