BUSINESS

Sears Stock Plummets After Sharp Sales Decline

Shoppers wait for a Sears Holdings Corp. store to open ahead of Black Friday in Peoria, Illinois, U.S., on Thursday, Nov. 28,
Shoppers wait for a Sears Holdings Corp. store to open ahead of Black Friday in Peoria, Illinois, U.S., on Thursday, Nov. 28, 2013. U.S. retailers will kick off holiday shopping earlier than ever this year as stores prepare to sell some discounted items at a loss in a battle for consumers. Photographer: Daniel Acker/Bloomberg via Getty Images

NEW YORK, Jan 9 (Reuters) - Sears Holdings Corp reported on Thursday that comparable store sales at its Kmart and Sears U.S. chains fell sharply during the holiday season, continuing a years-long decline.

At its Sears stores in the United States, comparable store sales were down 9.2 percent between the start of the current quarter through Jan. 6 and down 5.7 percent at Kmart.

Sears shares were down 14.3 percent at $36.50 in after hours trading.

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