HOFFMAN ESTATES, Ill. — Aggressive cost cutting allowed Sears Holdings to post a smaller than forecast net loss of $548 million, as the ailing retail giant announced it would nearly double the number of planned store closures for this year. Sears predicted last month that it would post a loss of between $590 and $630 million. Sales for the quarter declined 13% to $7.21 billion, due in part to the reduced number of stores. The number of slated closures for 2014 was raised to 235 from an August estimate of 130.
Sears Holdings losses best expectations
Most Recent
Most Read
Weyerhaeuser sales, earnings slip in Q2
Fri, July 26th, 2024
Don’t miss the incredible speakers at the Hardlines Conference!
Fri, July 26th, 2024
Canfor announces CEO succession
Thu, July 25th, 2024
West Fraser reverses Q2 loss
Thu, July 25th, 2024
Tractor Supply’s comp sales dip in Q2
Thu, July 25th, 2024
Loblaw turns in mixed Q2 results, strong online sales
Thu, July 25th, 2024
In memoriam: blues rock legend John Mayall
Thu, July 25th, 2024
Barcodes turn 50
Wed, July 24th, 2024
Featured Classified: RONA
Wed, July 24th, 2024
RONA affiliate makes acquisitions in Ottawa area
Tue, July 23rd, 2024