UPDATE: Sears Posts Wider Q2 Loss

Sears Holdings

posted a wider fiscal second-quarter loss. Sears posted a quarterly loss of $194 million, or $1.83 per share, versus a year-ago loss of $132 million, or $1.25 per share. Excluding one-time items, its adjusted loss came in at $1.46 per share. Its revenue declined 6.3%, to $8.87 billion, while gross margin shrank to 24.6% from 26.7%. Sears shares closed at $43.27 yesterday.