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Sears Posts $159 Million Loss as Asset Sales Shrink Retailer

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Does Anyone Still Shop at Sears?

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Sears Holdings Corp., the retailer controlled by hedge fund manager Edward Lampert, posted a $159 million fourth-quarter loss as store closings and asset sales shrank the company and reduced revenue.

The net loss in the quarter ended Jan. 31 was $1.50 a share, compared with a loss of $358 million, or $3.37, a year earlier, the Hoffman Estates, Illinois-based company said Thursday in a statement. Sales fell 24 percent to $8.1 billion.