POSTED: Tuesday, December 27, 2011 - 6:45pm
UPDATED: Tuesday, December 27, 2011 - 8:36pm
NBC NEWS — Sears plans on closing more than 100 stores.
The company plans on closing between 100 and 120 Sears and K-Mart stores.
They say poor holiday sales, and less people want to buy electronic and appliances are to blame.
The retailer says the store closings will generate almost $170 million in cash in inventory sales.
Sears has more than 4,000 stores in the U.S. and Canada.
No word on when they plan to start shuttering the stores.