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Company to close at least 100 Sears, Kmart stores

Published 12/27/2011, Associated Press

NEW YORK (AP) — After a disastrous holiday shopping season, the parent company of Sears and Kmart will close at least 100 stores to raise cash — a move that sparked speculation about whether the 125-year-old retailer can avoid a death spiral fed by declining sales and deteriorating stores.

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