THE NEWS: Sears Holding Corp. said its loss narrowed in the second quarter as a result of cost cuts and reduced inventory levels. But sales continue to fall at its Sears and Kmart stores.
THE DETAILS: The Hoffman Estates, Ill., company said revenue at Sears stores in the U.S. open at least a year fell 2.9 percent. The figure declined 4.7 percent for Kmart locations. The metric is a good indicator of a retailer’s of health because it strips out the volatility of newly opened and closed locations.
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