Tags: Sears | earnings | retail | holiday

Sears Holdings Revenue Falls for 20th Quarter in a Row

Sears Holdings Revenue Falls for 20th Quarter in a Row

 (AP)

Thursday, 08 December 2016 07:07 AM

Retailer Sears Holdings Corp reported a 12.5 percent drop in revenue, marking its 20th straight quarterly decline, due to lower sales at its Kmart and Sears outlets as well as fewer stores in operation.

Total revenue fell to $5.03 billion in the third quarter ended Oct. 29 from $5.75 billion a year earlier.

Sales at stores open at least a year fell 7.4 percent.

Net loss attributable to Sears' shareholders widened to $748 million, or $6.99 per share, from $454 million, or $4.26 per share, a year earlier.

 

© 2019 Thomson/Reuters. All rights reserved.

   
1Like our page
2Share
StreetTalk
Retailer Sears Holdings Corpreported a 12.5 percent drop in revenue, marking its 20th straight quarterly decline, due to lower sales at its Kmart and Sears outlets as well as fewer stores in operation.Total revenue fell to $5.03 billion in the third quarter ended Oct. 29...
Sears, earnings, retail, holiday
88
2016-07-08
Thursday, 08 December 2016 07:07 AM
Newsmax Media, Inc.
 

Newsmax, Moneynews, Newsmax Health, and Independent. American. are registered trademarks of Newsmax Media, Inc. Newsmax TV, and Newsmax World are trademarks of Newsmax Media, Inc.

NEWSMAX.COM
MONEYNEWS.COM
© Newsmax Media, Inc.
All Rights Reserved