Sears To Shutter Dozens More Stores In November

Bloomberg reports:

Sears Holdings Corp. continues to clean house, announcing plans to shutter an additional 46 unprofitable stores in November. The struggling chain informed workers at the impacted stores this week, and liquidation sales will begin as early as Aug. 30. The move is “part of our ongoing efforts to streamline Sears Holdings’ operations, strengthen our capital position and focus on our best stores,” Sears said on its website. The list of affected stores includes 13 Kmart stores and 33 Sears sites. The new shutdowns, which also impact several affiliated Sears Auto Center locations, affect states across the country.