Sears reports increasing losses and falling sales

Sears reports increasing losses and falling sales

Sears Holdings Corp. is limping into the critical holiday season after the struggling company reported that its quarterly sales have fallen 26% and continue to close dozens of deals.

Total revenue decreased more than $ 1 billion to $ 3.18 billion in the three months ending August 4, compared to a year earlier. Turnover excluding newly opened or closed stores decreased by 4.0% at Sears and by 3.7% at Kmart.

The…

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