Sears Holdings Corp posted its quarterly report on Thursday. It reported a quarterly loss blaming the bad situation of U. S economy. The American consumers have reduced spending due to rise in unemployment and deduction in pay checks.

With the increase in the sales of its Kmart stores, Sears Holdings' fourth-quarter profits have risen to $430 million.

For the month of December, Sears Holdings Corp posted a slight rise in same store sales, mainly driven by Kmart, and the success has prompted the firm to predict that its fourth quarter profits might just manage to beat the estimates.

In a sudden, unexpected move the Illinois-based Sears Holdings has gone in for the acquisition of the Israeli social search engine Delver, a few days before the company was scheduled to shut down its operations! The move saves Delver's remaining 20 employees from going jobless in Israel.