Sears woebucks

Shares plunge 27% as retailer’s slide accelerates...

If you think Sears and Kmart stores look depressing, check out the stock price of the company that owns them, the NY Post reports.

Shares of Sears Holdings plunged 27 percent yesterday after the run-down retail giant revealed a steep drop in holiday sales and announced it will close up to 120 stores.
That was the biggest one-day decline for Sears Holdings shares since the company was formed in 2005, when hedge-fund billionaire Eddie Lampert merged Sears with Kmart.
The drop caps a steady, two-month tumble that left the shares at $33.38 yesterday, erasing 60 percent of their market value....

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