Sears Store Closings Despite Stronger-Than-Expected Earnings
ATLANTA (Reuters) -- Retailer Sears Holdings Corp (SHLD.O) posted stronger-than-expected quarterly results on Thursday as it cut costs during the recession, and said it was closing 24 additional stores.
The company controlled by hedge fund manager Edward Lampert reported net income of $190 million, or $1.55 a diluted share, for the fourth quarter ended January 31, compared with $426 million, or $3.17 a share, a year earlier.
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