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Sears to shutter 46 more stores in 2018

A "closed" sign pasted over Sears' papered-over front doors
A closed Sears store in San Rafael, California. Photo: Justin Sullivan/Getty Images

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.