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New Sears CEO pledges to fix sales decline
Hoffman Estates, Ill. -- Sears Holdings on Tuesday announced that its same-store sales for the first quarter fell 3.6%. The retailer forecast a loss for the quarter ended April 30 of $145 million.
Same-store sales decreased 1.6% at Kmart, and 5.2% at Sears in the quarter. Sears Canada projects same-store sales will be down 9.2%.
