Retailer's stock falls
Thursday, Sept. 2, 1999 | 11:35 a.m.
THE ASSOCIATED PRESS
CHICAGO -- Sears, Roebuck and Co.'s stock plummeted 11 percent today after the nation's second-largest retailer warned Wall Street that its third-quarter earnings would fall below expectations and announced a management shakeup.
Sears, still mired in a slump despite a series of changes aimed at reviving its business, disclosed the news as it reported disappointing sales for the month of August.
archive