Sears Holdings Corp.

Sears will turn profit of at least $140 million, despite $1.7 billion revenue loss

Sears will turn profit of at least $140 million, despite $1.7 billion revenue loss

Struggling Sears Holdings Corp. saw sales in stores open at least a year drop 15.6 percent for the fourth quarter — its worst showing for the crucial holiday period since at least 2012.

Sales were down 18.1 percent at domestic Sears stores open at least a year and 12.2 percent at Kmart stores for the quarter ended Feb. 3, the Hoffman Estates-based retailer said Thursday in a regulatory filing.

The overall drop compared with a decline of 10.3 percent in 2016. In 2012, Sears saw a 1.6 percent drop in fourth-quarter sales.

However, despite declining same-store sales and an anticipated $1.7 billion loss in revenue, Sears said it expects to turn a profit of $140 million to...

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