The first big item of bad news has hit the retail real estate world. Sears Holdings is closing about 100 to 120 stores after rough holiday sales.
The company hasn't publicly identified yet which ones it will close. But the company sure seemed to know pretty quickly that it is shutting locations.
This isn't going to make much of a dent in a retailer with a store count of 4,000 units. But most shopping-center owners probably aren't happy that they are losing a large tenant in their centers.
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