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Sears Holdings announced its third quarter results, which posted a loss of $548 million on $7.2 billion in revenue, according to an article from The New York Times.
Additionally, the company has been seeking to raise money, and it may sell some of its stores to a new real estate investment trust, the article says.
Comparable domestic sales for Sears, which also owns the Kmart chain, fell 0.7 percent for the quarter, compared with a decline of 4 percent in the third quarter of last year, according to the article. Comparable sales at Kmart increased 0.5 percent, up from a decrease of 2.1 percent last year.
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