Sears To Close Another 72 Stores As Sales Plunge

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NEW YORK (AP) – Sears is closing another 72 stores after reporting a first-quarter losses and plunging sales.
The struggling retailer said Thursday that it has identified about 100 stores that are no longer turning profits, and 72 of those locations will be shuttered soon. Those locations are expected to be announced on Thursday.
Sears Holdings Corp., based in Hoffman Estates, Illinois, lost $424 million, or $3.93 per share, in its first quarter.
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