Sears loss widens as sales fall (Reuters)

(Reuters) ? Sears Holdings Corp's (SHLD.O) quarterly loss almost doubled as weak demand for gadgets and a reputation for run-down stores hurt the operator of Sears department stores and the Kmart discount chain.

The net loss widened to $421 million, or $3.95 a share, in the third quarter ended October 29, from $218 million, or $1.98 a share, a year earlier.

Excluding items, Sears posted a loss of $2.57 a share, while analysts on average were looking for a loss of $2.29, according to Thomson Reuters I/B/E/S.

(Reporting by Dhanya Skariachan; Editing by Lisa Von Ahn)

Source: http://us.rd.yahoo.com/dailynews/rss/tech/*http%3A//news.yahoo.com/s/nm/20111117/bs_nm/us_sears

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