Company to close at least 100 Sears, Kmart stores
World BusinessDec 28, 2011
NEW YORK (AP) ― After a disastrous holiday shopping season, the parent company of Sears and Kmart will close at least 100 stores to raise cash ― a move that sparked speculation about whether the 125-year-old retailer can avoid a death spiral fed by declining sales and deteriorating stores.Sears Holdings Corp., a pillar of American retailing that famously began with a mail-order catalog in the 1880s, declared Tuesday that it would no longer prop up “marginally performing” locations. The company p