HOFFMAN ESTATES, Ill. (AP) — Sears Holdings lost money for the second consecutive quarter as customers spent elsewhere despite a series of early holiday season promotions designed to bring them back to the retailer's brands.
The owner of Sears and Kmart stores lost $127 million, or $1.09 per share, for the period ended Oct. 31. That compares with a loss of $146 million, or $1.16 per share, a year earlier.
Excluding store closing costs and other items, Sears lost 81 cents per share.
Analysts predicted a loss of $1.09 per share.
Revenue at the company led by hedge fund financier Edward Lampert fell 4 percent to $10.19 billion from $10.66 billion, which beat Wall Street's $9.92 billion estimate.
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