Around the Net
Sears' Flat Spin Continues
- USA Today, Friday, August 22, 2014 8 AM
Sears Holdings has extended its string of unprofitable quarters to nine, losing $573 million in its fiscal second quarter. Sears Chairman and CEO Edward Lampert, who also controls the parent of Sears and Kmart, called the results "unacceptable." But he said the company is on course toward a members-oriented retailer where loyal customers receive discounts on merchandise.
