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Thursday, March 23, 2017

Owner Says 'Substantial Doubt' Sears, Kmart Will Stay In Business

As their stock prices continue to dip, the corporate owner of Sears and Kmart is questioning whether or not the two chains can continue their traditional brick-and-mortar operating model as shoppers continue to utilize e-commerce services. According to multiple reports , on Tuesday, Sears Holding Corporation said that there was "substantial doubt" that it can continue its current services, citing efforts to cut costs, sell property and find new revenue sources as the companies continue bleeding money.
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