NEW YORK — Sears, Roebuck & Co. will close three stores at the end of this month: in Arlington, Tex., at the Six Flags mall; in Milwaukee, at the North Ridge mall, and in Fort Wayne, Ind., at the South Town mall. “This is part of our ongoing review of stores,” a spokeswoman said. “These were not meeting our profit expectations. We don’t have anything else to announce.” Sears operates about 860 full-line department stores.

Also, Sears confirmed that it has taken control of about 100 leases from its former HomeLife furniture division, which was sold to an investor group led by Citigroup in 1999 and subsequently went bankrupt. Sears had guaranteed the leases, but through an agreement made in bankruptcy court can now find new tenants for the sites or sell the leases. Newmark Retail Financial Advisors was retained by HomeLife to advise the company with the sale of its assets and assisted in the negotiations in the Sears transaction.

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