Sears Holdings Hurt by Sears

摘要

Sub-par performance at Sears stores walloped Sears Holdings with a billion-dollar reversal in operating profit during 2008, causing a big part of the 93% plunge in full year net earnings as reported last week, although the results did beat analysts' estimates.rnU.S. Sears stores became a huge drag on Sears Holdings in 2008, as the division posted an operating loss of $237 million-plummeting from the 2007 divisional operating profit of $784 million-and undercutting the fortunes of the whole company.