Slumping holiday sales force Sears, Kmart to close over 100 stores

(WOIO) - Sears is shutting down between 100 and 200 Sears and Kmart stores.

The company is blaming terrible holiday sales.

Sears reported poor sales in both consumer electronics and home appliance sales.  Kmart's declining sales were blamed on a drop in clothing and consumer electronics sales.

Sears says closing stores and selling the inventory will generate up to $170 million dollars in cash.

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