Sears Holding has not announced which stores will close, but is expected to post the list on its website once the company makes those decisions, according to Yahoo Finance.
"While our past practice has been to keep marginally performing stores open while we worked to improve their performance, we no longer believe that to be the appropriate action in this environment," the company said in a statement that appeared the Wall Street Journal article.
The company estimated it would generate $140 million to $170 million in cash from selling off inventory at its closed stores, according to the company statement.
Sears and Kmart have tried figured out ways
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