Sears and Kmart getting serious about the holiday shopping season

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Sears has announced it will put everything in its stores on sale for up to 50 percent off through Thanksgiving weekend

Kmart says it is putting everything on sale for up to 40 percent off.

But is it too little too late?

The parent company for both stores said it has not turned a profit in 7 years and there is substantial doubt it can stay in business.