posted on January 18, 2012 22:49
Sears Holdings Corp. will close between 100 and 120 Sears and Kmart stores nationwide over 2012 following lackluster Christmas sales.
The company said Tuesday that the store closings will generate between $140 million to $170 million in cash from inventory sales. Sears expects to generate additional proceeds from the sale or disposition of real estate.
Sears officials have not yet determined which stores will be closed.
Sears (NASDAQ: SHLD), based in Hoffman Estates, Ill., operates more than 4,000 stores in the United States and Canada. There are Sears stores at Ingram Park Mall, Park North, Rolling Oaks Mall and South Park Mall in San Antonio.
12/27/12, James Aldridge, San Antonio Business Journal