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HOFFMAN ESTATES, ILL. — Hoffman Estates-based Sears Holding Corp. plans to close as many as 120 Sears and Kmart stores following poor sales during the holidays. The company expects the closures to generate $140 to $170 million in cash from inventory sales. Sears Holding also expects the sale or sublease of real estate holdings to add more cash. The company predicts adjusted earnings for the fourth quarter of 2011 will be less than half the $933 million it reported for the fourth quarter of 2010. The retailer has yet to determine which stores will be closed. The price of Sears stock (Nasdaq: SHLD) closed at $31.78 per share on Dec. 30, 2011, down from $73.69 per share a year earlier.