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Still, total sales declined by more than 25% in the second quarter, with Sears continuing to suffer from lower traffic in its US shopping mall stores. store closures "once again contributed significantly to the year-on-year decline".
Sears' net loss was $ 508 million, or $ 4.68 per share, in the second quarter ended August 4, after $ 250 million, or $ 2.33 per share, a year ago.
Last month, the chain of department stores announced that it would close more than 40 additional sites in the United States, while continuing to reduce its physical footprint. Sears sales, including Macy's, Kohl's and Nordstrom, have recently benefited from a stronger US economy with a record unemployment rate, which has allowed reinvesting more dollars. the pockets of buyers.
"We are confident that the closing of underperforming stores will allow us to scale our stores to take advantage of our online platforms and Shop Your Way," said CFO Rob Riecker. conference call on recorded profits. "We hope we can stabilize our store base to a significant level in the near future."
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