Filed under: Investing, JC Penney, Sears Holdings, Wal-Mart Stores, Target Corp, Costco, Retail

On Tuesday, Sears Holdings (SHLD) shocked the world with news that it would close as many as 120 of its iconic Sears and Kmart stores. The reason: As the rest of the retail industry enjoyed a modestly successful holiday sales season, Sears, well, fell on its face.

According to the National Retail Federation, sales for American retailers are expected to increase 3.8% this holiday season. Meanwhile, Sears posted a 5.2% decline in same-store sales for the eight weeks ending Dec. 25. That’s a…

How Sears Can Save Itself: Buy (and Sell) American originally appeared on DailyFinance.com on 2011-12-30T07:30:00Z.

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