Sears Deep-Sixes Cosmetics Business

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Sears Roebuck & Co., moving to shift its business strategy for full-line stores, said it will exit its skin-care and color cosmetics business, including the proprietary Circle of Beauty brand, and will take a charge in the second quarter related to the move.

As a result of the retailer’s full-line store repositioning, Sears said Tuesday that it reached an agreement with Avon Products Inc.

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