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2Q loss widens for Sears Holdings
HOFFMAN ESTATES, Ill. — Sears Holdings turned in disappointing sales and earnings for its second quarter as the company strives to turn around its performance in a weaker consumer spending environment.
Sears Holdings reported a net loss of $146 million, or $1.37 per diluted share, for the second quarter compared with a net loss of $39 million, or 35 cents per diluted share for the same period last year.
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Children's Place loss widens in Q2
Secaucus, N.J. -- The Children's Place Retail Stores reported Thursday that its loss for the second quarter widened to $9.8 million, from $8.2 million a year earlier.
Revenue dipped almost 1% to $343.5 million, missing Wall Street’s expected $356.3 million.
Same-store sales declined 5.6%.