Sears reveals its biggest holiday sales drop in history at its namesake stores

Getty Images Sears' same-store sales at its namesake chain dropped a staggering 18.1% — the worst drop in recent history — over the holiday period. The company said itexpects revenue to be $4.4 billion for the quarter, a decline from $6.1 billion in revenue the previous year. Sears is expecting to turn a profit, however, of between $140 million to $240 million, due in part to a boost from the new tax law. Sears posted a staggering drop in same-store sales over the holiday period. Same-store ...