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Sears Shares Slip Ahead of Holidays

Shares of Sears Holdings Corp. (NASDAQ: SHLD), which owns Kmart and Sears, have dropped ahead of the holiday. As it the case with most troubled retailers, it needs overall consumer buying over the holidays to move higher so that it can benefit from the national trend in improving retail traffic.

Sears Holdings’ shares have fallen 7% in the past month and are down 45% over the past year. Among the major concerns about the company is that competition will come from other retailers, as always, but particularly troubled competition, which includes J.C. Penney Co. Inc. (NYSE: JCP), Wal-Mart Stores Inc. (NYSE: WMT) and Target Corp. (NYSE: TGT)...