Sears Holdings Corp. announced today that it expects to close between 100 and 120 Sears and Kmart stores after low holiday sales, according to the Wall Street Journal.
According to the Sears Holdings Corp. website, the company has not yet decided what stores will be closed. A manager at the said she had “absolutely no comment” about the fate of that particular store, on Route 40.
A list of stores slated to be closed will be posted at www.searsmedia.com after the determination is made, according to the website.
The closings will be aimed at “marginally performing” stores, the Journal reported, though no definition of that was given.
A statement from the company said the closures are expected to generate $140 - $170 million.