Sears' Q4 same-store sales dropped 11%

Share this content:

Sears Holdings Corp. reported revenues for the fourth quarter ended January 31 decreased $1.8 billion, for a total of $13.3 billion. This compares to revenues in the previous Q4 period that totaled $15.1 billion.

During the same period, domestic comparable store sales declined 8.3% in the aggregate. Sears domestic comparable store sales declined 11%, and Kmart comparable store sales dropped 5%. 

The retailer said that it had closed 24 underperforming stores in January in addition to previously announced store closings.

Full-year fiscal 2008 revenues totaled $46.8 billion, compared to $50.7 billion in fiscal 2007.

For the year, Sears domestic comparable store sales dropped 9.5%, and Kmart comparable store sales declined 6.1%.

Net income totaled $190 million, or $1.55 per diluted share, for the fourth quarter, compared to net income of $426 million, or $3.17 per diluted share, for the previous fourth quarter.

For the fiscal year, net income totaled $53 million, or 42 cents per diluted share, compared with net income of $826 million, or $5.70 per diluted share, for the previous fiscal year.

Loading links....
close

Next Article in Multichannel Marketing

Sign up to our newsletters

Company of the Week

Since 1985, Melissa Data has helped thousands of companies clean, correct and complete contact data to better target and communicate with their customers. We offer a full spectrum of data quality solutions, including global address, phone, email, and name validation, identify verification - available for batch or real-time processes, in the Cloud or on-premise. Our service bureau provides dedupe, email/phone append and geographic/demographic append services for better targeting and insight. For direct mailers, Melissa Data offers easy-to-use address management/postal software, list hygiene services and 100s of specialty mailing lists - all with competitive pricing and excellent customer service.

Find out more here »

DMN's Career Center

Check out hundreds of exciting professional opportunities available on DMN's Career Center.  
Explore careers in digital marketing, sales, eCommerce, marketing communications, IT, data strategies, and much more. And don't forget to update your resume so employers can contact you privately about job opportunities.

>>Click Here