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Sears Hometown files for bankruptcy

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Sears Hometown Stores, a home goods-focused unit of Sears, has filed for Chapter 11 bankruptcy.

The company has less than $50 million in assets and $50 million to $100 million in liabilities, according to court documents.

The chain has more than 120 stores in 26 states and Puerto Rico.

Read more from Retail Dive.

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