Sears Holdings (SHLD) Stock Falls On Double-Digit Sales Decline

Sears Holdings (SHLD) Stock Falls On Double-Digit Sales Decline

The shares of Sears Holdings are trading lower after the company released an update to its financial performance, which shows a double-digit comparable store sales decline in the second quarter.

The stock price of Sears Holdings plummeted 7.59% to $19.91 per share at the time of this writing around 11:19 A.M. in New York.

Massif Capital’s Top Short Bets In The Real Asset Space [Exclisuve]

Screenshot 2022 08 10 18.57.51 1Since its founding by Will Thomson and Chip Russell in June 2016, the Massif Capital Real Asset Strategy has outperformed all of its real asset benchmarks. Since its inception, the long/short equity fund has returned 9% per annum net, compared to 6% for the Bloomberg Commodity Index, 3% for the 3 MSCI USA Infrastructure index Read More

Sears estimated second quarter performance

Sears Holdings estimated that its total comparable store sales declined 10.6% quarter to date. According to the company, its total comparable store