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Sears Holdings to Continue Store Closures in 2018

Sears Holdings is planning more Sears and Kmart store closures for January 2018, according to CBS News.

The latest store closures include 45 Kmarts and 18 Sears locations in more than 25 states, CBS News reports.

The money-losing Sears has worked on selling off iconic brands such as Craftsman, has repeatedly borrowed money from CEO Edward Lampert and has steadily closed retail stores in a struggle to return to profitability. The company’s Canadian counterpart, Sears Canada, is liquidating completely.

Sears “will continue to close some unprofitable stores as we transform our business model so that our physical store footprint and our digital capabilities match the needs and preferences of our members,” a company spokesperson says in the CBS article.

About Kate Klein

Kate is profiles editor for Hardware Retailing magazine. She reports on news and industry events and writes about retailers' unique contributions to the independent home improvement sector. She graduated from Cedarville University in her home state of Ohio, where she earned a bachelor's degree in English and minored in creative writing. She loves being an aunt, teaching writing to kids, running, reading, farm living and, as Walt Whitman says, traveling the open road, “healthy, free, the world before me.”

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