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Sears Third Quarter Results Show Struggles

Sears Holdings announced its third quarter results, which posted a loss of $548 million on $7.2 billion in revenue, according to an article from The New York Times.

Additionally, the company has been seeking to raise money, and it may sell some of its stores to a new real estate investment trust, the article says.

Comparable domestic sales for Sears, which also owns the Kmart chain, fell 0.7 percent for the quarter, compared with a decline of 4 percent in the third quarter of last year, according to the article. Comparable sales at Kmart increased 0.5 percent, up from a decrease of 2.1 percent last year.

To read the full article, click here.

About Renee Changnon

Renee Changnon is the retail outreach coordinator for NRHA. She meets with retailers in their stores and at industry events and introduces them to the services NRHA provides. Renee previously worked as a member of the NRHA communications team. She earned a degree in visual journalism from Illinois State University, where she served as the features editor for the school newspaper. After college, she implemented marketing and promotions initiatives at Jimmy John’s franchise locations across the country. She enjoys exploring books with her book club, Netflix marathons and hosting goat yoga at her apartment complex. Renee Changnon 317-275-9442 rchangnon@nrha.org

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