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Around the Net
Spinoffs Continue As Sears Slips Off Another Ledge
- Chicago Tribune, Friday, May 23, 2014 8 AM
Well, discounts don't seem to be working. Sears is closing 80 stores this year and mulling selling its auto centers. The Hoffman Estates, Ill.-based company posted a steep first-quarter loss Thursday as revenue continued its seven-year slide, with a $402 million loss in the first quarter. That's worse than the $279 million it lost during the same period a year ago.
