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Sears' store closings are the latest and most visible in a long series of moves to try to fix a company that has struggled with falling sales and shabby stores as rivals like Wal-Mart Stores Inc. and Target Corp. spruced up their looks and turned into one-stop shopping sources. The store closings follow a poor holiday shopping season. The company had said last week that revenue at stores open at least a year fell 5.2 percent for the eight weeks through Dec. 25. Sears Holdings runs both Kmart and Sears stores. The projected store closings represent about 3 percent of Sears Holdings' U.S. stores. Before heading Brookstone, Boire was president, U.S. Toys, North America for Toys R Us from 2006 to 2009, overseeing merchandising, marketing and operations for 600 stores in the U.S. and 70 in Canada. He joined Toys R Us after serving as the executive vice president and global merchandise manager for Best Buy. Before that, Boire served in a variety of increasingly senior roles during a 17-year career at Sony Electronics Inc. Sears, which is based in Hoffman Estates, Ill., has more than 4,000 stores in the U.S. and Canada. Its shares slipped 17 cents to $31.61 in afternoon trading. Boire is the latest in a string of new hires under D'Ambrosio who became Sears' CEO in February 2011. Last summer, it named Liz Claiborne executive Edgar O. Huber and CEO and president of its Lands' End business.
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