Sears Stock Plummets After Sharp Sales Decline

01/09/2014 05:06 pm ET | Updated Jan 23, 2014
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NEW YORK, Jan 9 (Reuters) - Sears Holdings Corp reported on Thursday that comparable store sales at its Kmart and Sears U.S. chains fell sharply during the holiday season, continuing a years-long decline.

At its Sears stores in the United States, comparable store sales were down 9.2 percent between the start of the current quarter through Jan. 6 and down 5.7 percent at Kmart.

Sears shares were down 14.3 percent at $36.50 in after hours trading.

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