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Pet supplies retailer continues store expansion
PetSmart was busy opening stores during its first quarter. The retailer opened 18 new stores in the U.S. and Canada in its fiscal quarter ending May 1, 2017. PetSmart opened 70 net new stores in 2016 and expects to open more than this number in fiscal year 2017. -
Sears lowers the ax again
Sears Holdings continues to shrink its traditional store portfolio even as it plans to open more smaller, specialty stores. The embattled retailer on Friday announced that it will close 43 more locations -- eight Sears stores and 35 Kmart locations -- by early October. This is on top of the 265 store closings that it has already announced for this year.