Sears, Kmart to Close Stores After Low Holiday Sales
By: Jennifer Lee
Updated: December 27, 2011
Sears says it will close 100 to 120 sears and Kmart stores. The CEO says
the company is trying to reduce expenses after disappointing sales for
big-ticket items this year.
The locations of the store closures have yet to be identified. The company is one of the nation's largest retailers with more than 4,000 stores in the U.S. and Canada.
The locations of the store closures have yet to be identified. The company is one of the nation's largest retailers with more than 4,000 stores in the U.S. and Canada.
