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CNN reports that Sears Holdings - which owns both Sears and Kmart, which is the equivalent of owning both the Titanic and the Lusitania - greeted the news that Q1 sales were down more than eight percent, resulting in a loss of $471 million with the revelation that it may sell its iconic Kenmore, Craftsman and DieHard brands.

The company also said that it "is looking at strategic alternatives for its Home Services installation and repair businesses."

Turn out the lights. The party's over. They say that all good things must end...


• The Cincinnati Business Journal reports that Kroger "has reached a tentative agreement with the United Food and Commercial Workers Local 400 union that has about 3,000 members. The tentative deal is for a new collectively bargained employment contract that covers about 5,000 employees including non-union workers at 41 Kroger stores in Virginia, Eastern Tennessee and Bluefield, W. Va."

Employees will vote June 8 on the contract terms, which were not disclosed.
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