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May 28, 2012

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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.

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