Its been a tough year for Sears Holdings Group (NASDAQ:SHLD). Today the company announced plans to shut down 62 retail stores to decrease expenses for the first half of the year.The company will close 43 Sears Hometown stores, 10 Sears Hardware stores and 9 The Great Indoor stores.Earlier this week, Sears announced they’d be removing the clothing department from 10 of its stores.Sears Holdings is currently above its 50-day moving average (MA) of $52.83 and above its 200-day of $61.07.
