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Sears Plans to Close 46 More Unprofitable Stores in November

  • Retailer will begin liquidation sales as soon as next week
  • Shutdowns come as CEO’s hedge fund submits bid for assets
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Sears Holdings Corp. continues to clean house, announcing plans to shutter an additional 46 unprofitable stores in November.

The struggling chain informed workers at the impacted stores this week, and liquidation sales will begin as early as Aug. 30. The move is “part of our ongoing efforts to streamline Sears Holdings’ operations, strengthen our capital position and focus on our best stores,” Sears said on its website.