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Sears on Thursday said it was closing another 28 Kmart stores in addition about 300 previously announced closings this year.
The retailer announced this with its earnings statement that showed a quarterly loss, as the number of people visiting its stores continued to fall. Sales at stores open for at least a year fell 11.5% in the second quarter ended July 29.
Sears shares plunged 8% this year through Wednesday's close.
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