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Sears to close more stores
The downsizing continues at Sears Holding Corp.
The troubled retailer is closing what it described as a “very small percentage” of its overall number of Kmart and Sears stores across the country.
"Every year we evaluate our store portfolio and make changes based on leases or stores with poor performance," company spokesman Howard Riefs said in a Reuters report.
The exact number of stores to be shuttered has not been disclosed. But Reifs also said Kmart would account for the majority of the closures.
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Warm weather hits Bon-Ton sales
The Bon-Ton Stores says its holiday sales were negatively affected by unseasonably warm weather in November.
The company announced that its same-store sales for the nine-week holiday period ended Jan. 2 decreased 1.6%. Total sales for the combined months of November and December were $784.4 million, a decrease of 1.5% from sales of $796.4 million in the prior year nine-week holiday period.
