Sears (SHLD) CEO D'Ambrosio to Step Down; Eddie Lampert to Assume Role
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Sears Holding (SHLD) Sees Q4 adj-EPS of $1.25 - $2.00; Guides FY13 Expectations
January 8, 2013 6:03 AM ESTSears Holding Corporation (NASDAQ: SHLD) issued an update on operations.
Quarter-to-date comps fell 1.8 percent through December 29, 2012. Year-to-date comps fell 2.6 percent.
Total domestic comparable store sales for the nine-week period declined 1.8% largely due to sales declines in the consumer electronics category at both Sears and Kmart. Excluding the consumer electronics category, total comparable stores sales decreased 0.2%, with Sears Domestic increasing 2.4% and Kmart decreasing 2.4%.
Sears Domestic generated a quarter-to-date comparable store sales increase despite the decline in consumer electronics. The improvement at Sears Domestic was driven by the apparel and appliance... More
