HOFFMAN ESTATES, Ill.–Sears Holdings generated sales and earnings declines in the second quarter, with home appliances recording some of the steepest declines.
For the second quarter ended Aug. 2, Sears’ net income sank to $65 million from $173 million.
Total revenues slipped 0.5 percent to $11.8 billion.
Sears domestic comparable-store sales fell 6.7 percent, while Kmart’s fell 5.6 percent.