Pursuits
Sears Third-Quarter Net Loss Widens as Canadian Sales Drop
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Sears Holdings Corp., the retailer controlled by hedge-fund manager Edward Lampert, reported a steeper third-quarter loss as sales declined in Canada.
The net loss widened to $421 million, or $3.95 a share, from $218 million, or $1.98, a year earlier, Hoffman Estates, Illinois-based Sears said today in a statement. Sales fell 1.2 percent to $9.57 billion, the 19th straight quarterly decline.