Sears announces new round of store closings

Sears Holdings’ store portfolio continues to shrink.



The struggling retailer told employees on Tuesday that it will close 30 Sears and Kmart stores in early 2017, reported Business Insider.



The latest round of closures will bring the total number of stores that the retailer has closed this fiscal year to more than 200, according to the report, and leave it with fewer than 1,500 locations by early 2017.



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