Company announces 2 Iowa Kmart stores will close

DES MOINES, Iowa (AP) — The parent company of Sears and Kmart announced the closure of two stores in Iowa as part of a nationwide move by the company designed to raise cash after a poor holiday shopping season.

Sears Holdings Corporation announced Thursday it would close Kmart stores in Cedar Rapids and Davenport.

The company listed 79 stores it will close. More closures are expected to come as officials say between 100 to 120 stores will be shuttered.