The Numbers Don't Lie: Sears Posts $748M 3Q Loss

Sears has reported a significant financial loss of $748 million in the third quarter, adding to a cumulative loss of $9.35 billion over eight years. The company faces declining sales and plans to close more stores. Eddie Lampert, the billionaire behind Sears, has been selling assets to keep the company afloat. Despite a merger with Kmart in 2005, sales have not improved, and the company is considering selling its Craftsman, Kenmore, and DieHard brands to generate cash. The future remains uncertain as Sears struggles to return to profitability.

What was the percentage drop in same store sales last quarter?

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What brands is Sears considering selling to stem its losses?

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