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.

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Excluding costs from store closings and other items, Sears lost 86 cents a share, which matched Wall Street’s expectations.

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