Sears is having a storewide sale on almost all of its products. Could it be another sign that the company is closing down?
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It might soon go out of business and bring down Kmart with it.
Payless will shut down several stores as part of its reorganization plan. The company's bankruptcy declaration could lead to job loss.
J.C. Penney can no longer operate stores that are not performing well. The company is hoping to save millions of dollars by closing some of its stores.
Sears Holdings Corp is set to close 68 Kmart and 10 Sears stores in 2016 in a bid to prevent financial bleeding.
Sales for Sears reportedly dropped during the quarter ending in July 25. The company said that consumer electronics, amid the tight competition among online retailers, negatively impacted the sales growth of the company.
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