Sears Holdings: Deeper Loss, Lower Comps In Fiscal Q3

By Steve Smith On Nov 15 2012 - 5:47pm

Operating loss was $428 million in the third quarter, compared with the prior year’s $447 million.

Hoffman Estates, Ill. — Sears Holdings reported a deeper net loss and lower comp store sales for its Sears and Kmart operations in its fiscal third quarter, ended Oct. 27.

Net loss from continuing operations in the quarter was $498 million, compared with a $410 million loss in the prior year’s third quarter. Operating loss was $428 million in the third quarter, compared with the prior year’s $447 million.