Friday, September 14, 2018

Sears built the suspense, then reported another bad quarter

CNN Money
Sears Holdings, which owns the Sears and Kmart brands, reported yet another huge loss in the second quarter — $508 million, about twice as much as it lost a year earlier.

Overall sales plunged by more than a quarter, mostly because of store closings. Sales at stores that stayed open were down 4%, and they were up in July and August. . . . more