Area Sears and Kmart stores are waiting to learn if they'll be operating in the near future after corporate heads announced this morning they will be closing up to 120 outlets across the country. According to the Associated Press, Sears Holdings Corp. plans to close between 100 and 120 Sears and Kmart stores due to poor sales during the holidays. In an internal memo Tuesday to employees, CEO and President Lou D’Ambrosio said that the retailer had not “generated the results we were seeking during the holiday.” Sears Holdings Corp. said it has yet to determine which stores will close but said it will post on searsmedia.com when a final list is compiled. Sears would not discuss how many, if any, jobs would be cut.
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