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Poor holiday sales threaten survival of Sears, Kmart (access required)

By Todd Etshman
Posted: 5:46 pm Tue, December 27, 2011

On Tuesday, Sears Holdings Corp., the nation’s fourth largest broad line retailer, announced widespread store closures and cost-saving measures as a result of poor holiday sales that further damaged the retail chain’s already weakened position. The company announced it would close between 100 and 120 Sears and Kmart full-line stores. It was not immediately known if ...

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