Sears Holdings Corp. says it will be closing another 63 stores as the ailing retailer tries to turn around its business.
The Hoffman Estates, Illinois-based company, struggling to keep up with its rivals, said it will shutter 45 Kmart stores and 18 Sears stores in late January.
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Liquidation sales will start as early as next Thursday.
The move comes in addition to the closing of about 250 stores already announced this year.
Meanwhile, Sears launched a "holiday blowout" sale at both chains that began Wednesday and will last until Nov. 25, a day after Black Friday.
Sears has been selling off some its real estate and brands as it tries to raise cash.
Shares of Sears fell nearly 4 percent, or 20 cents, to $5.23 in trading Friday.