Sears Owner Says It Will Close Another 96 Stores by February (

As the holiday season approaches, the parent company of Sears and Kmart has secured a $250 million lifeline and announced plans on Thursday to shut another 96 stores.

That will leave the business with 182 locations. The financing came from lenders that include owner Eddie Lampert.

Transformco added it is taking the steps to focus on its “competitive strengths.” But it faces “a difficult retail environment and other challenges.”
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