Sears Posts $146M Loss, Will Close 8 More Stores

Sears Holdings on Tuesday reported a third-quarter loss of $146 million and said it would close another eight stores as a difficult retail environment contributed to a 9% decrease in comparable-store sales.

HOFFMAN ESTATES, Ill. — Sears Holdings here on Tuesday reported a third-quarter loss of $146 million and said it would close another eight stores as a difficult retail environment contributed to a 9% decrease in comparable-store sales.

The retailer separately announced a slate executive changes, including the appointment of Scott Freidheim, a former chief administrative officer of Lehman Bros., as its new executive vice president of operations.

Sears said the loss for t

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