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Exclusive: Sears says it has secured a $250 million lifeline, will close 96 stores

Thursday, 7 November 2019
Sears told Reuters on Thursday it had won a $250 million (£195.05 million) lifeline from lenders that include billionaire owner Eddie Lampert, and will close additional stores, as mounting losses strain the beleaguered U.S. department store chain's finances.

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Credit: WBZ CBS Boston - Published on November 7, 2019< > Embed

News video: Kmart and Sears Company Closing 96 Stores Nationwide

Kmart and Sears Company Closing 96 Stores Nationwide 00:26

The company that owns Kmart and Sears says it is closing 96 stores nationwide.

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