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Sears' 99 percent drop in 3Q profit prompts selloff; Lampert strategy, Sears future questionedTheir stock has lost almost 50% in the last six months: SHLD (Google Finance)
11/29/2007 CHICAGO - Sears Holdings Corp. stumbled to its worst performance yet under Edward Lampert, earning just $2 million in a dismal third quarter that heightened questions about his strategy and Sears' future as a retailer, prompting a huge selloff in its stock Thursday. [more]
"Sears Roebuck was caught in a major online privacy breach late last week, just days after news surfaced that it was distributing spyware on behalf of comScore. Researcher Ben Edelman reported Friday that Sears was making public the entire purchase history of users who had registered at the Manage My Home portal, which offers users information about remodeling and repairs."*Privacy Lawsuit Against Sears Is Ridiculous.
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posted by freebird at 6:59 PM on January 3