(Reuters) - Macy's Inc and Wal-Mart Stores Inc continue to get high marks from Wall Street as the busy season draws to a close, while Sears Holdings Corp proved that it was really not a jolly holiday for all stores. Sears said it would close dozens of Sears and Kmart stores after sales at its existing locations dropped 5.2 percent from the beginning of the quarter through Christmas. Its shares plunged 26 percent on Tuesday. The announcement comes two weeks after Best Buy Co Inc said that the bigger discounts it offered to kick-start the holiday season ate into profits. ...
Tuesday, December 27, 2011
From Macy's to Sears, tales of holiday highs, lows
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment