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.
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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