Sears Holdings Corporation reported sales results and net debt for the nine weeks and year to date ended December 29, 2012. For the nine weeks ended December 29, 2012, the company reported total domestic comparable store sales for the nine-week period declined 1.8% largely due to sales declines in the consumer electronics category at both Sears and Kmart. Excluding the consumer electronics category, total comparable stores sales decreased 0.2%, with Sears Domestic increasing 2.4% and Kmart decreasing 2.4%. Sears Domestic generated a quarter-to-date comparable store sales increase despite the decline in consumer electronics. The improvement at Sears Domestic was driven by the apparel and appliance categories. The apparel category is on track for six consecutive quarters of comparable store sales increases. Kmart's quarter-to-date comparable store sales decline reflects a significant decline in consumer electronics, as well as declines in the pharmacy, grocery & household and drug categories. The decline in pharmacy reflects the conversion of brand name drugs to equivalent generic drugs.

For the year to date ended December 29, 2012, the company reported total domestic comparable store sales declined 2.6%. As of December 29, 2012 the company reduced net debt by more than $400 million from the same period last year as debt declined from $2.6 billion to $2.4 billion.