BRICK AND MORTAR BLUES: Sears Says It’s Likely to Close Many More Stores as Sales Slide Worsens.

http://fortune.com/2016/12/08/sears-stores-sales-results/

The struggling retailer, which owns the Sears and Kmart chains, on Thursday reported a $748 million net loss in the third quarter, its worst performance in years. And comparable sales, which exclude the impact of stores closed in the preceding year, fell 4.4% at Kmart and 10% at Sears, deeper drops than in recent quarters.