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
Amazon unveils new fulfilment strategy
Fri, September 22nd, 2023
Quebec balks at waiving LBM sales tax
Fri, September 22nd, 2023
Home Hardware dealer-owners mark National Forest Week
Fri, September 22nd, 2023
Retail sales edge up in July
Fri, September 22nd, 2023
Last day today to get low hotel rate for our Conference in Whistler!
Thu, September 21st, 2023
Wolseley to add new location in Toronto
Thu, September 21st, 2023
Throwback Thursday: 20 years ago, Sodisco-Howden began the process which led to its sale
Thu, September 21st, 2023
TIMBER MART charity raises funds for kids with golf tournament
Thu, September 21st, 2023
Nova Scotia store wins Home Hardware’s Walter J. Hachborn Award
Wed, September 20th, 2023
New report details market share of every retail banner in Canada
Wed, September 20th, 2023