At least 100 Kmart, Sears stores closing

Sears Holdings Corp. said Tuesday it plans to

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Sears Holdings Corp. said Tuesday it plans to close 100 to 120 of its Sears and Kmart stores as its holiday sales disappointed and it looks to reduce costs. (Nov. 9, 2011) (Credit: 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, said...

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