Tue December 27, 2011
At Least 100 Sears, Kmart Stores To Close
Sears Holdings announced Tuesday it will shutter at least 100 stores as a cost-cutting measure following a disappointing holiday season. The retailer's namesake Sears and Kmart stores have struggled against competitors such as Wal-Mart, Target and Home Depot. Sears says it will save as much as $170 million through the store closings. It did not say how many employees will lose their jobs.