Sears and K Mart Still Suffering

Sears and K Mart are suffering like many other retailers. The difference is they are struggling to rebound in a market where there competitors are starting to surge. Weak holiday sales from both was one of the final triggers to reduce overhead and try to centralize the operation and head back towards profitability. The overall value of the two has dropped significantly since the merger in 2004. The hope is that many locations can sell off inventory and create positive cash flow with sub leasing or the sale of the closed locations.
http://jacksonville.com/business/2011-12-27/story/sears-close-100-120-kmart-sears-stores