Photographer: David Paul Morris/Bloomberg

Sears Plans to Close Almost 80 Stores in Bid for Profitability

  • Move will shutter about 5 percent of company's locations
  • Sears posted a $580 million loss in last reported quarter

Sears Holdings Corp., the struggling retailer run by hedge fund investor Eddie Lampert, will shut almost 80 stores as part of a push to make the company profitable again.

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