Following a bailout last year from CEO Edward Lampert’s personal hedge fund, Sears Holdings announced another round of closings and layoffs. Numerous Kmart and Sears stores (108 and 42, respectively) will close, and an untold number of full-time employees and assistant managers will be let go. Liquidation sales have already begun, and some stores that remain open are cutting corners by bypassing the stockroom and moving deliveries directly to display shelves. While the company did not publish details, the layoffs appear to affect almost all 800 remaining Kmart stores. Sears also sold its Craftsman brand to Stanley Black & Decker for $525 million at closing and $250 million plus a percent of sales to new customers over the next three years. Fitch Ratings continues to project a dismal outlook as Sears’ sales and debt are moving in opposite directions. The company is running out of stores to sell off, but it might still sell its Kenmore and Home Services brands.