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Sears stock drops 27 percent

Sears Holdings Company ($SHLD) dropped more than 25 percent today due to a drop in same store quarter-to-date sales in both its Kmart (-4.4%) and its namesake store Sears (6%).

Due to the following drop, Sears Holding Co, will shut between 100-120 stores. The common issue with KMart and Sears is a drop in consumer electronic sales and a decline in appliances at Sears.

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