Sears Holding Corp. reported a sharper-than-expected 99 percent plunge in profits today, to $2 million, or 1 cent a share. Analysts forecast a 53-cent-a-share profit. The nation’s largest department store company by sales, Sears Holding owns Sears and Kmart stores. Earlier this week, Sears bid $269 million for retro home provisioner Restoration Hardware. (Bloomberg)
The Bottom Line
November 29, 2007
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