Sears built the suspense, then reported another bad quarter

CNN Money
Sears Holdings, which owns the Sears and Kmart brands, reported yet another huge loss in the second quarter — $508 million, about twice as much as it lost a year earlier.

Overall sales plunged by more than a quarter, mostly because of store closings. Sales at stores that stayed open were down 4%, and they were up in July and August. . . . more