The parent company of Sears and Kmart faced difficulties as stores continue to close, forcing them to strike a deal with Amazon selling its appliances online. With its sister Sears Canada filing for bankruptcy, things look rather bleak.
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News about Sears Holdings
Shares are down 18% in two days.
Shares are up 10% despite huge sales declines.
The company is already closing 40 stores.
But it should have closed all those stores sooner.
Comparable sales fell around 16% over the Christmas period.