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Published December 27, 2011, 06:09 PM

Company to Close at Least 100 Sears, Kmart Stores

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.

By: Christina Rexrode, Michelle Chapman, Associated Press

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