Sears moves to 1Q loss; Kmart, Sears sales weak (AP)
HOFFMAN ESTATES, Ill. – Sears Holding Corp. touched to a first-quarter loss, dragged downbound by the absence of a polity contrivance rebate information and softer income at its Kmart and Sears stores.
Earlier this month the consort led by billionaire prince Lampert cautioned that it would place a bigger-than-expected expiration cod mainly to a drop in appliance, covering and consumer electronic sales.
Sears forfeited $170 million, or $1.58 per share, compared with net income of $16 million, or 14 cents per share. The keyed expiration was $1.39 per share.
Revenue lapse 3 percent to $9.71 billion.
Analysts due a expiration of 99 cents per deal on income of $9.73 billion.
Sears is also considering a possible advise of its headquarters. State and topical incentives it receives suspire incoming year.
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