Sears’ same-store sales losses narrow but warns it may go out of business


(Reuters) – Sears Holdings Corp (SHLD.O) reported a smaller decline in quarterly same-store sales on Thursday, but warned again that there is doubt about the company’s continued operation as it awaits approval to sell some of its businesses to its chief executive’s hedge fund.

FILE PHOTO: A Sears logo is seen inside a department store in Garden City, New York, U.S., May 23, 2016. REUTERS/Shannon Stapleton

“It is imperative that the Company reduce debt, adjust its debt maturity profile and eliminate the associated cash interest obligations,” Chief Executive Edward Lampert said in a…



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