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Sears Holdings closing 78 more stores
Sears Holdings announced its latest round of store closings as it continues to look for ways to cut expenses and return to profitability after five years of losses.
The embattled retailer, which has been steadily shrinking its physical portfolio over the last few years, will close 68 Kmart and 10 Sears stores this summer. (See list of locations at end of story.) In February, Sears warned it would speed up the closing of unprofitable stores.
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Unusual underground marketplace opens in NYC subway station
A major Manhattan subway station concourse that had been closed since 2009 has been transformed into a lively shopping and dining destination.
TurnStyle, an underground marketplace inside the Columbus Circle 59th Street subway, is now open to the public.
Financing for the project was provided by Goldman Sachs, through its Urban Investment Group.

