Sears Holdings looks for more stores to close

|About: Sears Holdings Corporation (SHLD)|By:, SA News Editor

Sears Holdings (SHLD) is expected to announce more store closings as Eddie Lampert looks to execute on an ongoing initiative to cut losses

The retail sector has been overrun with store closing announcements following a tough winter for mall traffic. A plan announced yesterday by Office Depot (ODP) to slash 400 stores gave its shares a well-needed 15.8% jolt.

Sears says it will also look to act more like a landlord by leasing store space to retailers striving to increase their footprint