Sears Holdings Corp. announced U.S. comparable store sales for its second quarter, the 13-week period ended Aug. 4, 2007, for its Kmart and Sears stores. For the second quarter, Kmart comparable store sales decreased by 3.8%, with declines across most categories. Sears domestic comparable store sales decreased by 4.3%, with declines across most categories partially offset by increases in consumer electronics, women's apparel and footwear.
The company currently expects second quarter net income to be between US$170 million and $185 million, or between $1.13 and $1.23 per fully diluted share. For the second quarter last year, the company reported net income of $294 million, or $1.88 per fully diluted share.