By  on January 10, 2014

Shares of Sears Holdings Corp. fell almost 13 percent in after-hours trading Thursday following the company’s discouraging report on its declining same-store sales.

Sears said in its comparable-store sales in November and December were down 7.4 percent, with Sears’ U.S. stores off 9.2 percent and Kmart’s off 5.7 percent. The figures are worse than those registered for the first 11 months of the fiscal year, which have the company down 3.9 percent, Sears down 4.2 percent and Kmart down 3.7 percent. The firm pinpointed declines in consumer electronics, tools and home appliances in its Sears stores and decreases in consumer electronics, grocery and household, and toys at Kmart.

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