Photo: Roberto Machado Noa / LightRocket via Getty Images

Sears Holdings told employees Thursday that it will be closing another 100 stores this year, per Retail Dive. 64 Kmart stores and 39 Sears stores are expected to close between early March and April.

Why it matters: In the 1960s, Sears' sales accounted for roughly 1% of U.S. GDP. Nearly 60 years later, America's once-quintessential big-box department store has a much darker future, as it has become one of the most obvious victims to the battle between traditional retail and the rise of e-commerce giants like Amazon.

Details of the closures: Liquidation sales will begin as early as Jan. 12, Sears said in a statement. The company did not specify how many employees will be impacted, but said the majority of jobs being eliminated are part-time positions. Eligible employees will receive severance.

The backdrop: In October the company closed 63 Sears and Kmart stores, making for a total of roughly 400 closures in 2017.

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Hurricane Zeta makes landfall on Louisiana coast as Category 2 storm

A satellite image of Hurricane Zeta. Photo: National Hurricane Center/NOAA

Hurricane Zeta made landfall along the southeastern coast of Louisiana as a Category 2 storm on Wednesday, bringing with it "life-threatening storm surge and strong winds," per the National Hurricane Center.

What's happening: The hurricane was producing maximum sustained winds of nearly 110 mph and stronger gusts.

Updated 57 mins ago - Politics & Policy

Coronavirus dashboard

Illustration: Sarah Grillo/Axios

  1. Politics: Biden ahead in Wisconsin, Michigan as cases surge in the Midwest.
  2. Health: Surge "is real" and not just caused by more tests, Trump's testing czar saysMask mandates help control rise in hospitalizations Some coronavirus survivors have "autoantibodies."
  3. Business: Surge is sinking consumer confidence Testing is a windfall.
  4. World: Europe faces "stronger and deadlier" coronavirus wave France imposes lockdown as Macron warns of overwhelming second COVID wave Germany to close bars and restaurants for a month.
  5. Sports: Boston Marathon delayed as COVID-19 surges MLB to investigate Dodgers player who joined celebration after positive COVID test.

What the 2020 election means for science

Illustration: Sarah Grillo/Axios

The 2020 presidential election presents two stark paths for the direction of future-focused scientific research.

Why it matters: Science is a long game, with today's breakthroughs often stemming from research carried out decades ago, often with government help. That means the person who occupies the White House over the next four years will help shape the state of technology for decades into the future.

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