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Sears CEO says no plans to close Kmart

from The Wall Street Journal

Sears Holdings Corp. Chief Executive Edward Lampert said he continues to explore options for the company's stable of familiar brands and close weaker stores but promised to keep running the Kmart chain. In a blog, Lampert said the company is acting more aggressively to end years of losses by focusing on the company's best stores and closing unprofitable locations. more

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