Sears, Roebuck & Co.: The Chicago-based retailing...
From Times Staff and Wire Reports
Sears, Roebuck & Co.: The Chicago-based retailing giant said second-quarter net income fell 39% to $237.9 million, while revenue rose 4.3% to a record $13.85 billion. Discontinued operations added $10.5 million this year and $57.7 million a year ago. Sears’ Merchandise Group and Allstate Insurance Group suffered declines, while its Dean Witter Financial Services Group and Coldwell Banker Real Estate Group had gains.
