Getting your player ready...
New Sears chief executive Lou D’Ambrosio has a lot of work to do. But with appliance sales weakening, a small resurgence at Kmart faltering and Sears stores continually lagging, where to start?
On Thursday, Sears reported a bigger- than-expected first-quarter loss of $170 million, or $1.58 a share, compared with net income of $16 million, or 14 cents a share, a year earlier. Its adjusted loss was $1.39 a share. Revenue fell 3 percent to $9.71 billion.
