Sears guided the loss to between $525 million and $595 million on revenues of $3.7 billion.
The ceo has long been floating Sears operations and the latest infusion looks poised to get it through the holiday season.
Sanuk owner Deckers is accusing the retailers of ripping off one of its best-selling designs.
150 Kmart and Sears stores are slated to close in Q3, on top of the 180 closed earlier this year and the 28 Kmart stores set to close later this year.
An SEC filing from Berkowitz’s Fairholme Capital said the investors are discussing a “negotiated transaction” with the bankrupt retailer.
Sears is closing eight more Sears and 35 more Kmart stores, its fourth round of closure this year and a total so far of nearly 310.
Since 2012, Sears has closed about half of its Sears domestic and Kmart stores, and store closures are expected to continue for the two nameplates.