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Craftsman

Sears takes action in bid to remain viable

Sears takes action in bid to remain viable

HOFFMAN ESTATES, Ill. — Sears Holdings Corp. has announced plans to close 150 non-profitable stores and sell its Craftsman tools brand. The moves are part of a strategic plan to stem losses and strengthen the struggling retailer’s financial prospects. The company has also arranged new financing, in the form of a new $500 million real estate