Sears Holdings Sees Vast Fourth Quarter Earnings Upswing

摘要

Encouraged by strong December comparable store sales by its Kmart division, Sears Holdings last week revised its fourth quarter earnings outlook upwards from previous guidance - to more than double last year's results.rnWith monthly comps dropping 4.3% at the U.S. Sears chain - and down 8.8% year torndate - it is the downstairs merchants at Kmart that are now shouldering the weight. Kmart's year-to-date comp decline of 0.7% may look anemic, but the discounter's fourth quarter-to-date comps are up 2.6% thanks to the strong showing in December: a comp gain of 5.3%.