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Sears to close 50 auto centers

Sears says it's closing 50 auto centers and more than 90 pharmacies inside Kmart stores in an ongoing effort to cut costs. This on the heels of an announcement early this year that the retailer will be closing 150 Sears and Kmart stores.

The new cuts will save a projected one-point-25 billion dollars. The company hasn't had a profit in seven years and reported two-point-two billion in losses in 2016.

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