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USA Today writes this morning that "Sears Holdings, which wasn't shy when it announced at the start of the year that it is closing 150 underperforming stores, has quietly added at least 30 more to the list."

The 12 Sears stores and 18 Kmarts slated to close are located in markets from California to Florida, and most will close in July.

The company had said it would close 150 stores, then added a dozen to that list last month. This group of 30 appears to be a new batch slated for closure.

Sears now has fewer than 1,500 stores, down from 2,073 five years ago.

The story goes on: "Sears’ financial difficulties are particularly deep. It hasn’t turned a profit since 2010, and it reported more than $2.2 billion in losses last year. To turn the company around, it has been closing stores, often selling off the real estate, as well as borrowing money and putting some of its vaunted brands up for sale."
KC's View:
It was just a week or two ago that Sears Holdings CEO Edward Lampert made the laughable comment that the company doesn't need new customers, just the ability to sell more to the customers it does have.

I, like a lot of folks, scoffed at that. But I'm rethinking my skepticism, because it is just possible that we all had the math wrong. Sears does have plenty of customers ... for a chain of maybe 27 stores.