Sears, Kmart Release Partial List of Stores Closings

By Mary Collins

December 30, 2011 Updated Dec 30, 2011 at 8:52 AM EST

FORT WAYNE, Ind., (Indiana's NewsCenter)--- Three Indiana stores are on the list among those Sears and Kmart retailers to close. Those slated to close are located in, Indianapolis, Anderson and Lake County, but the two Kmarts and the Sears store in Fort Wayne are not.

Sears Holdings on Thursday released a partial list of Sears and Kmart stores that the company will close, two days after announcing that an unspecified 100 to 120 stores would be shut.

The list released Thursday contains 79 stores. Company stock was walloped when the news broke on Tuesday, tumbling 27%, off 83% from an April 2007 high of $195.18.

Company stock (SHLD) closed down 1.3% for the day Thursday.

Sears Holdings has not said how many layoffs would be caused in closing the stores. Each store to be closed typically employs between 40 and 80 people, according to the company.




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