Sears to close another 72 stores as sales plunge

Sears will close another 72 stores as sales plunge and losses grow.
The beleaguered retailer said it has identified about 100 stores that are no longer turning a profit, and the majority of those locations will be shuttered soon.
Sears lost $424 million, or $3.93 per share, for the period ended May 5. It earned $245 million, or $2.29 per share, a year earlier, a quarter that included a $492 million gain tied to the sale of the Craftsman brand.
Revenue tumbled more than 30 percent to $2.89 billio