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Strategies & Market Trends : Can you beat 50% per month? -- Ignore unavailable to you. Want to Upgrade?

To: Smiling Bob who wrote (15568)	8/18/2011 7:49:36 AM
From: Smiling Bob	Respond to of 19257

same old storyYou can only dim the lights and turn the AC down so much empty stores are still empty stores=== Sears Holdings loss widens, sales off 1.2% TEL AVIV (MarketWatch) -- Sears Holdings Corp., (NASDAQ:SHLD) the Hoffmann Estates, Ill., parent of the Sears and Kmart department-store chains, reported fiscal second-quarter loss widened on 1.2% lower sales. For the quarter ended July 30, the loss was $146 million, or $1.37 a share, compared with $39 million, or 35 cents, in the year-earlier period. The adjusted losses per share were $1.13 against 19 cents. Shares outstanding fell 5.2% to 106.8 million. Revenue declined to $10.33 billion from $10.46 billion. Comparable-store sales fell 0.7% in the U.S. and 4.8% in Canada. The quarter reflected $48 million of costs to close and convert stores and reduce staffing, Sears said. Sears is "taking actions to turn around our performance in a challenging economic environment," President and Chief Executive Lou D'Ambrosio said in a Thursday statement.