LOUISVILLE, Ky. (WDRB) -- Sears officials say rumors that Kmart stores will close soon are untrue.
Sears' CEO posted on its corporate blog, saying reports about Kmart's demise are "false and exaggerated." The two companies merged in 2004, and experts say the company has largely struggled ever since.
Sears' stock plunged more than 45 percent this year.
The CEO admitted there are plans to close some unprofitable Kmart stores, but says there aren't any plans to close the franchise.
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