Sears to close 50+ specialty stores in first half of 2012

Hoffman Estates, Ill. -- Sears Holdings Corp. revealed in a Wednesday document that it will close 43 Sears hometown dealer stores and 10 Sears Hardware stores over the first half of 2012.

The information came from the retailer’s annual report, filed late Wednesday, and is consistent with previously announced plans to close up to 120 underperforming Sears and Kmart stores and all nine of its remaining Great Indoors stores.

Sears also forged an agreement in February to sell off 11 Sears mall stores to mall owner General Growth for $270 million.