Sears Domestic comps take toll on Sears Holdings Dec. results

HOFFMAN ESTATES, Ill. Sears Holdings announced that total comparable-store sales for the month of December declined 7.3%. Comparable-stores at Kmart fell 1.1%, and Sears Domestic comps fell 12.8%.

Kmart's December comparable-store sales benefited from a year-over-year increase in sales through the retailers' layaway program, Sears Holdings reported, while Sears Domestic December comps suffered from reduced sales across most hardlines and apparel categories.

For the full year ending Jan. 31, the company expects net income to be between $163 million and $243 million, or between $1.27 and $1.90 per fully diluted share.