With our new leadership, here is the results from their last company.
Breaking out Kmart, the chain had a third-quarter operating loss of $171 million, slightly wider than a loss of $164 million the prior year. Kmart-specific revenues totaled $2.92 billion, versus $3.08 billion a year ago; comparable-store sales declined 2.1% in the quarter.
Trading at around $60 a share, Sears stock is well off its high of $193 reached in April 2007. Kmart and Sears merged in 2005.