Sears Posts Loss
Aug 21, 2009
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Sears Holdings Corp. reported a 2Q loss on pension-plan expenses, severance payments to fired employees and costs to close stores. The net loss was US$94 million, compared with a profit of $65 million a year earlier.

Sales fell to $10.6 billion.

"The overall retail market remains difficult," Bruce Johnson, the company’s interim chief executive officer, said in a statement.

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