The struggling retailer announced plans to close another 46 Sears and Kmart stores. The company has already closed more than 100 stores this year -- including the last remaining Sears in its hometown of Chicago -- as it attempts to stem losses. Employees at 13 Kmart stores and 33 Sears stores were notified that their locations would close by November. When Sears and Kmart merged in 2005, they had about 3,500 US stores between them. Sears has lost $11.2 billion since 2010, its last profitable year and sales have plunged 60% in that time.

Source: CNN August 23, 2018 12:31 UTC