AI
Thursday, January 08, 2009 1:31:52 PM
Amazing Sears Holdings [SHLD 48.83 8.28 (+20.42%) ] reported its overall same-store sales fell 7.3 percent. Sales at its flagship Sears stores dropped 12.8 percent, while Kmart stores saw sales fall just 1.1 percent, which the company said was helped by its layaway program.
However, Sears said it expected to beat its profit target and the stock jumped 20 percent.
However, Sears said it expected to beat its profit target and the stock jumped 20 percent.
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