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More Store Closings, Asset Sales May Not Be Enough to Save Sears, Analyst Reports

Sears Holdings Corp. announced a number of actions this past week prior to releasing its earnings report for the third quarter. Sears warned that its third-quarter EBITDA loss will widen to $250 million to $300 million, compared with last year’s comparable-period EBITDA loss of $156 million.

The beleaguered retail giant said it would continue to evaluate its U.S. stores by reviewing each location, including leased locations that are set to expire…

via Inland Empire Commercial Real Estate News From CoStar Group

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