Sears Posts $279M Quarterly Loss as Revenue Slumps

Sears Posts $279M Quarterly Loss as Revenue Slumps Play

May 23 (Bloomberg) -- Sears Holdings Corp., the retailer controlled by billionaire hedge-fund manager Edward Lampert, posted a first-quarter loss of $279 million, hurt by costs related to store closings and severance expenses. Julie Hyman reports on Bloomberg Television's "Street Smart." (Source: Bloomberg)

blog comments powered by Disqus