There is little risk of a negative impact on CMBS from the closure of 100 to 120 Sears and Kmart stores under the U.S. Sears Holdings Corp., according to a Fitch Ratings report.

The nation's fourth-largest retailer said the closures are a result of a lower demand for electronics and apparel and a sales decrease in its layaway program. Sears announced the closures Tuesday but did not say which of the properties in its portfolio would be sold or subleased.

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