Mrcauser’s Weblog

Just another weblog

Here’s some good news……

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Sears-K-mart only lost 127 million.

Go Sears!

Other than that Patti had her operation and both vehicles are in the shop. Patti fine, cars not. Oh well, shit happens.


An improvement in sales at Kmart and cost-cutting overall helped Sears Holdings Corp. (SHLD) show better results in the third quarter.

The parent of Sears and Kmart stores posted a net loss of $127 million, less than the $146 million it posted the same time last year. That translates to $1.09 per share, or 80 cents per share after factoring out some one-time items, beating Wall Street’s forecast of $1.09 per share.

The company’s comparable store sales in the U.S. dropped 2.3%, with sales up 0.5% at Kmart, but down 4.6% at Sears. Kmart’s sales rose thanks to better sales of toys and home items, while Sears was hurt by slow sales of appliances, lawn and garden items, tools and electronics.

Written by mrcauser

November 19, 2009 at 6:44 pm

Posted in Uncategorized

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