By  on August 16, 2012

Sears Holdings Corp. said Thursday that slashed expenses and reduced inventories helped it to narrow its second-quarter loss.
 
Although its adjusted results met Wall Street’s projections, the struggling retailer was unable to match quarterly sales estimates.
 
For the period ended July 28, Sears posted a net loss of $132 million, or $1.25 a share, compared with a year-ago loss of $146 million, or $1.37 a share.

RELATED STORY: Wal-Mart Profits Rise 5.7% >>
 
Excluding costs from store closings and other items, Sears lost 86 cents a share, which matched Wall Street’s expectations.

To Read the Full Article
SUBSCRIBE NOW

Tap into our Global Network

Of Industry Leaders and Designers

load comments
blog comments powered by Disqus