Sears Holdings Corp. posted a rare quarterly profit after the U.S. tax overhaul helped the ailing retailer .
alerted investors to the expected windfall last month, saying profit
would be $140 million to $240 million. Sears also cut its long-term debt
to $3.2 billion, down $1 billion from a year earlier.
The results have helped bring some optimism to investors,
even as the chain’s sales continue to plummet. Its same-store sales -- a
closely watched measure -- declined almost 16 percent last quarter, a
sign the company didn’t benefit from a generally positive holiday
season.. . . more