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Sears Holdings Corporation Reports up to 120 Sears and Kmart stores to Close

 

Sears Holding Corporation

Hoffman Estates, IL – Sears Holdings Corporation (“Holdings,”  “we,” “us,” “our,” or the “Company”) (Nasdaq: SHLD) is providing an update on its quarter-to-date performance and planned actions to improve and accelerate the transformation of its business.

Kmart’s quarter-to-date comparable store sales decline reflects decreases in the consumer electronics and apparel categories and lower layaway sales. Sears Domestic’s quarter-to-date sales decline was primarily driven by the consumer electronics and home appliance categories, with more than half of the decline in Sears Domestic occurring in consumer electronics. Sears apparel sales were flat and Lands’ End in Sears stores was up mid-single digits. «Read the rest of this article»

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