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Sears Holdings management turnover increasing, says Cleveland

Cleveland Research's checks indicate Sears is experiencing significant management turnover in major categories, including appliances and apparel, due to frustrations from mandated inventory reductions to improve cash flow. The analyst said apparel comps are negative, the appliances segment is experiencing meaningful share loss, and Kmart suppliers are reducing 2014 forecasts given the inability to compete on price. Shares are down 5.61%, or $3.34 to $56.23.