Retail giants Sears and Kmart are approaching bankruptcy. December 28, 2011- Both Kmart and Sears announced they would be closing nearly 120 stores following a fall in holiday sales. Analysts say the two chain stores might even disappear completely if they cannot turn around sales. Sears Holding Company holds control of both and announced its plans on Tuesday to shutter the 120 stores. The company, says many industry experts, has had four consecutive years of sales declines in its 2,200 U.S. stores....