Sears Holdings Corp. (fka SHLDQ)

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"Sears warns Q4 worse than expected, accelerates store closures"

"Sears (SHLD) will accelerate planned store closures and continue to purge other assets to keep its business turnaround afloat after reporting Tuesday that the holiday season will fall short of expectations.

Sears expects sales to come to $7.3 billion for the quarter ended Jan. 30, compared with $8.0 billion in the year-ago quarter and below analyst estimates for $7.4 billion, according to S&P Global Market Intelligence. Sears reports fourth quarter and full-year results on Feb. 25.

Sales at stores open at least a year, a key measure for retailers, fell 7.1% in the quarter at Sears and Kmart U.S. stores as the company's apparel business dragged down store performance, Sears said. The company attributed its weak showing to unseasonably warm weather and "intense competition."

http://www.usatoday.com/story/money/2016/02/09/sears-accelerates-store-closures-sales-continue-to-fall/80046634/