A sign announcing the store will be closing hangs above a Sears store on Aug. 24 in Chicago. Sears Holdings, which owns Sears and Kmart, said Thursday it was planning to close another 103 stores.
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Sears, once the monolith of American retail, says that there is "substantial doubt" that it will be able to keep its doors open. Company shares tumbled more than 12 percent Wednesday. Above, the department store's location in Brooklyn's Flatbush neighborhood today.