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CNBC is reporting this morning that Sears Holdings will close another 66 stores, on top of the 180 closings it already has announced for this year. The closures will consist of 49 Kmarts and 17 Sears stores.

The move is seen as yet another part of management's stated desire to return the company to profitability and viability, even though Sears already has conceded in a filing with the US Securities and Exchange Commission (SEC) that there is "substantial doubt" about its ability to continue to exist under the current fiscal conditions.

The closures should take place by July.
KC's View:
I don't even know what to write about Sears anymore. It just seems so over.