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Sears Holdings announced this week via a press release that it is closing 46 stores in November, including the local spot at 440 N.W. Burnside Road. In 2005, when Sears merged with Kmart, it operated 2,200 stores.

Sears has steadily shed properties in recent years, but the pace quickened in 2017, when it closed at least 175 stores.

Liquidation sales are expected to begin next week. The number of stores peaked in 2012 at 4,000, which included the Sears Canada division that was later spun off. According to the release, the Crabtree Valley Sears will close in November.

Portions of the Sears stores at Manchester Center in Fresno and at Sequoia Mall in Visalia are also up for lease.

Sears Holdings said the closures are part of its efforts to streamline operations and strengthen its capital position.

The department store chain in a statement announcing the closings said it will "continue to evaluate our network of stores (and) make further adjustments as needed".

The Hoffman Estates, Illinois-based retailer's shares have lost value in each of the last four years.

According to CNBC, the Vancouver Mall Sears is among those slated for closure.


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