Sears Holdings Corp (SHLD) reported that comparable store sales during the holiday season at its Kmart and Sears chains continued the broader company’s decline. But, it may be that those poor holiday figures were really just the start of something much worse for these two former icons of American retail. That’s because those same store sales are down significantly more since the start of 2014. Kmart sales have tumbled 5.7 percent to begin the year, while Sears post-holiday sales started the year off even worse, down 9.2 percent. Sears’ share price reflected this bad news, closing down 14.3 percent (at $36.50) in after hours trading. If you’re still holding onto shares of the company, you may want to consider selling before things get even uglier.
Jim Woods has over 20 years of experience in the markets from working as a stockbroker,
financial journalist, and money manager. As well as a book author and regular contributor to
numerous investment websites, Jim is the editor of:
Bob Carlson provides independent, objective research covering all the financial issues of retirement and retirement planning. In addition, Bob serves as Chairman of the Board of Trustees of the Fairfax County (VA) Employees’ Retirement System, which has over $2.8 billion in assets.
Jon Johnson's philosophy in investing and trading is to take what the market gives you regardless if that is to the upside or downside. For the past 21 years, Jon has helped thousands of clients gain success in the financial markets through his newsletters and education services: