• Sears' same-store sales losses narrow but warns it may go out of business

    2 monthes ago - By Reuters

    Sears Holdings Corp reported a smaller decline in quarterly same-store sales on Thursday, but warned again that there is doubt about the company's continued operation as it awaits approval to sell some of its businesses to its chief executive's hedge fund.
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  • Sears sales decline improved in latest quarter; shares soar

    2 monthes ago - By Chron

    NEW YORK - Sears Holdings Corp., the struggling department store operator, said it key sales figure improved and its stock soared in after-hours trading Thursday.
    The company, which owns both Sears and Kmart, said sales fell 3.9 percent at established stores in its second quarter. That's an improvement from the same period a year ago, when it fell 11.5 percent.
    Sears has been closing stores, cutting costings and selling brands as it burns through money and sees more customers abandon its often-neglected locations. It said Thursday that it is still evaluating offers to buy its Kenmore...
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