Hedge Funds

Sears Posts $580M Quarterly Loss As Retailer Shrinks Footprint

by bloomberg.com posted 4years ago 1279 views
Sears Holdings Corp., the department-store operator run by hedge fund manager Edward Lampert, posted a $580 million fourth-quarter net loss as sales continued to slide. The loss compared with a $159 million net loss a year earlier, the Hoffman Estates, Illinois-based company said in a statement Thursday. On an adjusted basis, before interest, taxes, depreciation and amortization, the loss was $82 million, within the $50 million to $100 million range Sears...

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