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Sears Stock Shoots Up as December Sales Decline

SHARE Sears Stock Shoots Up as December Sales Decline

You’d think a big decline in sales for any retailer would hurt a stock price. But not if that company is Hoffman Estates based Sears Holdings Corporation.

December retail sales numbers are out today. And many companies are reporting really terrible results for the holiday shopping season. Even Wal-Mart, which has benefitted from the downturn in the economy, posted weaker than expected numbers.

But, Sears Holdings … the parent company of Sears and Kmart stores … surprised investors and exceeded their low expectations. The stock price soared Thursday on news that sales at Sears stores fell by nearly 13 percent in December. Kmart’s sales were off about 1 percent.

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