From: Reuters
Published May 29, 2008 06:25 AM

Sears posts quarterly loss

ATLANTA (Reuters) - Retailer Sears Holdings Corp <SHLD.O> reported a quarterly loss on Thursday as sales fell at its Kmart and Sears, Roebuck divisions and markdowns hurt margins.

The company controlled by hedge fund manager Edward Lampert said its net loss came to $56 million, or 43 cents a share, in the first quarter ended on May 3, compared with a year-earlier profit of $223 million, or $1.45 a share.

(Reporting by Karen Jacobs; Editing by Lisa Von Ahn)

Terms of Use | Privacy Policy

2017©. Copyright Environmental News Network