Pursuits

Sears Loss Widens to $548 Million as Sales Keep Sliding

Provide news feedback or report an error

Confidential tip?

Send a tip to our reporters

Site feedback:

Take our Survey

By Lauren Coleman-Lochner

December 4, 2014 at 11:15 AM UTC

Updated on

December 4, 2014 at 9:29 PM UTC

This article is for subscribers only.

Sears Holdings Corp. posted a wider third-quarter loss as Chief Executive Officer Edward Lampert works to reshape the department-store chain.

The net loss widened to $548 million, or $5.15 a share, from $534 million, or $5.03 a share, a year earlier, the Hoffman Estates, Illinois-based retailer said today in a statement. Revenue in the three months ended Nov. 1 slid 13 percent to $7.21 billion.