Melich on Sears Store Closing Strategy

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Dec. 27 (Bloomberg) -- Gregory Melich, analyst at International Strategy & Investment, talks about Sears Holding Corp.'s deeper-than-expected sales decline and today's announcement to close as many as 120 Sears and Kmart stores. Same-store sales at the largest U.S. department store chain fell 5.2 percent in the eight weeks ended Dec. 25. Melich speaks with Pimm Fox on Bloomberg Television's "Surveillance Midday." (Source: Bloomberg)

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