Sears posts quarterly loss, revenues down

Sears Holdings reported net loss attributable to Holdings' shareholders of 395 million dollars or 3.70 dollars loss per diluted share for the second quarter of 2016 compared to net income attributable to Holdings' shareholders of 208 million dollars or 1.84 dollars per diluted share for the prior year second quarter. Adjusted EBITDA of 191 million dollars, improved from 226 million dollars in the prior year second quarter. Kmart and Sears domestic comparable store sales declined 3.3 percent and 7 percent.