By  on September 13, 2018

Struggling Sears Holdings Corp. reported second-quarter losses that more than doubled from last year, and were even worse than two years ago.

Sears said Thursday that its loss widened to $508 million, or $4.68 a diluted share, from $250 million, or $2.33, for the second quarter in 2017. Sears’ loss narrowed last year due to financial maneuvers, such as store closures, undertaken by the company to shore up its bottom line. But what’s concerning now, and perhaps no surprise, is the fact that this year’s loss was wider than the loss of $395 million, or $3.70, in the same period in 2016. The company said adjusted EBITDA was a loss of $112 million, compared with a loss of $66 million in the year-ago quarter.

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