Sears to shutter 46 more stores in 2018

Sears Holdings will close another 46 unprofitable Sears and Kmart stores in November, reports Bloomberg.

The big picture: Sears has closed hundreds of stores in the last two years as its sales get clobbered by the rise of e-commerce. While some competing retailers, like Walmart, Target, Macy's and Kohl's, bounced back in a strong economy and beat analysts' expectations in the second quarter, Sears and J.C. Penney have continued to decline.