Corrections & Clarifications

“A Money Man’s Trials in Retailing” (Jan. 9-15, 2012) incorrectly stated that Sears Holdings spokesman Chris Brathwaite said that closing 100-plus stores will let the retailer open smaller stores selling a narrower assortment of merchandise. Brathwaite actually said the closings would allow Sears to renovate better-performing full-line stores.

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