December 27, 2011
Sears Holding Corp., the parent company of Sears and Kmart stores, announced Tuesday it would close between 100 and 120 underperforming stores after lackluster holiday sales. Sears Holding Corp. has more than 4,000 stores in the U.S. and Canada.
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The company says it will focus on Sears and Kmart stores that are profitable while closing those that aren’t.