Sears again tries to fix Kmart, WSJ reports

Kmart accounted for about 37% of the Sears' (SHLD) 2011 revenue and is the asset upon which CEO Eddie Lampert built his department-store empire over the past decade, is watching its sales decline, reports the Wall Street Journal. In November and December, Kmart's same-store sales fell 3.8%, while Sears's domestic same-store sales rose 0.5%. Kmart has stumbled in recent quarters because of increased competition, missteps in its grocery business and turf battles in the urban areas where it has traditionally been strongest.

View Comments (32)