money matters
Sears Continues To Struggle Financially
Sears Holdings Corp., the parent company behind chain stores Sears, Kmart, and Roebuck & Co., reported big losses in this financial year's third quarter. Net losses came to $421 million, as a result of declining sales across many product lines; gross revenue figures dropped too. In response, share prices in the company have diluted and fallen — similar drops having been reported in all previous quarters of this year, and the latter half of 2010 too.
