Sears, Kmart Closing Stores: Clovis And Fresno Area Affected?

Sears and Kmart will close as many as 120 stores in 2012.{} Sears or KMart operate stores under the Kmart, Sears, or associated brand names{}in Fresno, Clovis, Madera, Oakhurst, and Selma.{}

The company says business is down significantly.{} The company says it will report earnings in the 4th quarter of 2011, which includes the critical Christmas holiday shopping season, at less than half of last year's profits.{} 4th quarter of 2010 Sears reported nearly $1 Billion in revenue.

Industry analysts give a variety of reasons for the decline of Sears and KMart.{} Some say the economic recession that still grips the US hits those companies core shoppers harder than most.

Others say Sears and KMart have not done a good job of staying up to date and relevant.

The same parent company owns both chains.{} As of Tuesday, 12-17-11 a list of the stories that will be closed has not yet been released.