Sears Holding projects 1Q loss
May 3, 2011,
Comsolidated same-store sales fell 3.6% for the quarter ended April 30, with comps off 5.2% at U.S. Sears stores and 1.6% at Kmart units. Comps at Sears Canada declined 9.2%.
Appliances had the most notable same-store sales drop, the company said. The home department was among those that improved comp performance during the quarter.