Beverly Hills 11/20/2009 1:47:11 AM
News / Business

Sears Cost-Cutting Efforts Taper 3Q Loss

Finance World News Update by EQUITIES Magazine

Sears Holding Corp. announced today that its third quarter loss has shrunk due to cost cutting and its Kmart division’s positive sales performance.

Because of stronger sales of toys, home goods and shoes, Kmart said sales at stores open for at least a year jumped 0.5 percent.

Sears Holdings has roughly 3,900 full-line and specialty retails stores in the U.S. and Canada. Stocks of the department store fell $2.17, or 2.9 percent, in early trading.

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