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Sears Holdings to Close at Least 100 Stores

CNN Money reports bad holiday sales may force Sears Holdings to close up to 120 stores.

Poor holiday sales may lead to the closure of between 100 and 120 Sears and Kmart stores, according to a report published Tuesday in CNN Money.

No decision has been made yet regarding which stores it will close; the company has Sears and Sears Hardware locations in Lake Grove and Port Jefferson Station.

Sears Holdings said it is based on a 6 percent drop in sales at domestic Sears locations and a 4.4 percent slide in sales at Kmart.

Click here to read the full report from CNN Money.

Alex January 01, 2012 at 04:04 AM
Well, luckily the fact that they are nationwide means this might not affect us too badly.

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