Sears, Roebuck & Co.: The nation’s largest...
From Times Staff and Wire Reports
Sears, Roebuck & Co.: The nation’s largest retailer said its third-quarter profit fell 30% from a year ago to $179.2 million despite a 5.9% revenue increase to $13.96 billion. Sears cited sharply lower gains from sales of property in the Coldwell Banker Real Estate Group, reflecting the soft residential real estate market. Earnings from the Sears Merchandise and Dean Witter Financial Services groups improved while Allstate Insurance Group’s earnings declined, the Chicago-based company said.
