Sears comp sales continue decline, loss in line with forecast
Nov 30 (Reuters) - Sears Holdings Corp continued its streak of declining sales in the third quarter, reporting a double-digit drop in comparable sales at its Sears and Kmart chains.
Sales at Sears stores open for more than a year fell 17 percent in the quarter ending Oct. 28, while comparable sales at Kmart fell 13 percent.
Net loss attributable to shareholders was $558 million, in line with the forecast of $525 million to $595 million Sears gave earlier this month, citing store closures.
The struggling retailer posted a loss of $748 million in the same quarter a year ago. (Reporting by Sruthi Ramakrishnan in Bengaluru; Editing by Savio D'Souza)