Sears 2nd-Quarter Profit Down 40 Percent
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The retailer cited lower overall sales and weaker operating results from Kmart and its domestic Sears operations.
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Electrolux, the world&#39;s leading electrical appliance maker, reported a 53.2 percent fall in second quarter net earnings that it attributed to a rise in raw materials costs and delays in new product launches.
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Wal-Mart Stores Inc. reduced its reported second-quarter profit by $153 million due to expenses from selling its German retail operations, the world's largest retailer reported Monday.
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Home Depot Inc. , the world's largest home improvement retailer, reported lower fourth-quarter profit on Tuesday as the weak U.S. housing market hurt sales at its retail stores, which declined 2 percent.
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Chevron Corp. , the No. 2 U.S. oil company, said on Friday its fourth-quarter profit fell, pulled down by weaker natural gas prices.
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The profit decline by Sears Holdings, the combination of Sears and Kmart, will be the second consecutive quarter of steeply falling profits for the retailer.
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The steelmaker said costs related to the redemption of debt pulled down second-quarter profit, but the results beat Wall Street estimates.
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Samsung said Friday that second-quarter net profit fell 5 percent from a year ago on price declines for its mainstay computer memory chips, but expressed confidence a rebound in the market would bolster earnings.
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Electrolux AB, the world&#39;s biggest maker of household appliances, said second-half profit will be less than forecast as costs for materials including steel surge.
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Retailer Sears Holdings Corp.   posted a 20 percent rise in quarterly profit on Thursday,  helped by a legal settlement and other special gains, but sales  declined at both its Sears and Kmart units.
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(Corrects second paragraph to show earnings of $17,000, not $28,000)     NEW YORK  - Apparel retailer Talbots Inc.  said on Wednesday that quarterly net profit fell, hurt by heavy markdowns and declining sales at its flagship Talbots chain.
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Women&#39;s apparel retailer Christopher &amp; Banks Corp. said Tuesday that second-quarter earnings fell 34 percent as it awaits the benefit of merchandise changes that are expected to help results later this year.
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Sears, Roebuck and Co. on Thursday  said quarterly profit fell sharply compared with a year  earlier, when the department store operator had a gain from the  sale of its credit card business, but the profit topped  forecasts as the retailer slashed costs.
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Albertsons Inc., the No. 2 US supermarket chain, said second-quarter profit dropped 36 percent after the Boise, Idaho-based company slashed prices to attract shoppers lost during a strike in Southern California.
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Apparel retailer Talbots Inc.   said on Wednesday that quarterly net profit fell, hurt by heavy  markdowns and declining sales at its flagship Talbots chain.
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Freddie Mac , the nation&#39;s  second-largest source of home loan funding, said on Thursday  its second-quarter net income fell 45 percent from a year  earlier as more borrowers defaulted on their loans.
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U.S. stocks fell on Tuesday as profit warnings from retailer Sears Holdings Corp.  and home builder D.R. Horton Inc  fueled concerns about the economy's health and the earnings outlook.