The second-quarter loss at Sears Holdings Corp. was wider than a year ago, but the company said its membership program gained traction in the period.
For the three months ended Aug. 3, the net loss was $194 million, or $1.83 a diluted share, compared with a loss of $132 million, or $1.25, in the year ago quarter. The results included a gain on the sale of assets of $58, after tax and noncontrolling interest, in connection with certain U.S. and Canadian stores and leasehold interests. Revenues fell 6.3 percent to $8.87 billion from $9.47 billion. Same-store sales fell 2.1 percent at the Kmart nameplate, and fell 0.8 percent at Sears domestic stores. Sears Canada stores saw same-store sales fall 2.5 percent.
Issa Rae stopped by WWD's NYC headquarters to talk about season two of "Insecure," which premieres this Sunday on HBO. Click link in bio for all the details. #wwdeye (📷: @jgreenery; Styled by @mayteallende)
A Stella McCartney sketch of a custom dress made from protein-based silk in partnership with biotech lab Bolt Threads. The dress will be displayed at The Museum of Modern Art's upcoming design exhibition, "Items: Is Fashion Modern?"