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NEW YORK — The operator of Sears and Kmart stores said Thursday that its second-quarter loss grew as it marked prices down to make room for fall merchandise.
Sears’ net loss was $144 million, or $1.37 a share, compared with a loss of $39 million, or 35 cents a share, a year earlier.
Excluding one-time items, Sears lost $1.13 a share. Analysts expected a smaller adjusted loss of 64 cents a share.
