Sears To Close 100 To 120 Kmart, Sears Stores

Kmart Sears closing stores
Kmart Sears closing stores

NEW YORK (AP) -- Between 100 and 120 Sears and Kmart stores will be closed, the retailer said Tuesday, after terrible holiday sales during what is the most crucial time of the year for retailers.

Sears has yet to determine which stores will be closed, but there has been a clear shift in where the retailer will devote its resources.