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After challenging holiday, Sears to speed up store closings

Sears keeps pruning its business in a years-long makeover, a bid to transform itself from a 123-year-old retail store into a nimble, 21st century operator.

Patience appears to be wearing thin. Shares slid early Tuesday to 13-year lows after the company said it would accelerate the closure of some of its stores following a "challenging" holiday season. The company's stock is down 20 percent this year, and they've been cut in half in the past 12 months.

Comparable-store sales in the fourth quarter dropped 6.9 percent at Sears, and 7.2 percent at Kmart, which the also company owns. That's a key indicator of a retailer's health because it excludes the volatility...

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