Sears to close 43 more stores

Sears Holdings Corp is closing eight of its namesake department stores and 35 Kmart locations to cut costs and square footage in an effort to return to profitability, chief executive officer Eddie Lampert said on Friday.

The store closings are in addition to 150 the company announced in January. Once the largest US retailer, Sears has struggled with years of losses and declining sales as shoppers have shifted from the mall to the web. The company said in February it would cut costs this year by at least $1 billion.