Sears Holdings will close more than one hundred stores in the U.S.

Sears Holdings, owner of one of the more traditional United States, store chains announced today that due to a reduction of its sales in this holiday season will close more than one hundred of their premises.

"Taking into account the difficult economic context and our performance especially for the sale of articles larger and more expensive, we intend to implement a series of actions to reduce the current expenditure," said the President of the company, Lou D'Ambrosio in a statement.

In addition to the stores Sears, the company owns stores Kmart.

Sales of Sears and Kmart stores contrast with the good season of sales of end of the year who, apparently, has had the rest of trade retailer this year in United States.

In addition to the closure of between 100 and 120 stores - not yet identified - the company will reduce their inventory on the premises that will remain at about 300 million dollars u000aOpen.

Sears holding company has been estimated that these measures will generate between 140 million and 170 million dollars.

According to Sears Holdings earnings for the fourth quarter, before payment of interest, taxes, depreciation and amortization will be less than half of the 933 million dollars achieved in the previous year.

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