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FILE - In this Feb. 28, 2008 file photo, a banner is seen on the exterior of the Sears department store in downtown Chicago. Sears Holdings Corp. said Tuesday, Dec. 27, 2011, it plans to close 100 to 120 of its Sears and Kmart stores as its holiday sales disappointed and it looks to reduce costs.(AP Photo/Charles Rex Arbogast, file)

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Sears to close 100 to 120 Kmart, Sears stores

Between 100 and 120 Sears and Kmart stores will be closed, the retailer said Tuesday, after terrible holiday sales during what is the most crucial time of the year for retailers.

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