Tuesday, December 27, 2011

Sears, Kmarts Closing

There will be fewer Sears and Kmart stores open for Christmas in 2012. Sears Holdings announced today the impending closure of over 100 of its Sears and Kmart stores in the United States and Canada. Weak Christmas sales led to decision to close underperforming store. The company's Christmas sales were substantially lower than last year in both the Sears and the Kmart divisions. Sears Holdings has not yet named the locations scheduled to be closed.

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