Deals
Sears Loss Widens on 30th Consecutive Sales Decline
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Sears Holdings Corp., the retailer controlled by billionaire hedge-fund manager Edward Lampert, posted a wider second-quarter loss as sales decreased for the 30th straight quarter.
The net loss expanded to $573 million, or $5.39 a share, from $194 million, or $1.83, a year earlier, as sales fell 9.7 percent, the Hoffman Estates, Illinois-based company said today in a statement. The shares declined the most since January.