Sears' Losses Widen
Losses widened at Sears Holdings’ in the second quarter, hurt by weak sales and deep discounts. For the period ended Aug. 3, Sears lost $194 million, compared with a loss of $132 million in the year-ago period. Revenue dropped 6% to $8.87 billion, from $9.47 billion. Same-store sales fell 1.5%, with a 2.1% drop at Kmart and a 0.8% drop at Sears.