Sears Holdings Corp, department store operator, reported Q1 earnings of $1.14 a share, up from a loss of 7 cents a share a year-ago. Last year''s results incorporate a charge of $90 million related to a change in accounting for certain inventory costs. The company attributed the improvement in earnings to better profitability in both its Kmart and Sears Domestic operations, mainly due to reduced expenses. |
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