Sears is looking into alternate options for improving on its falling sales after losing $471 million in its first quarter of this year.
The loss indicates Sears’ deepening problem, as just last year the company lost $303 million in the same quarter. Its share value suffered a loss of about $3.20 per share. The company’s total revenue fell from $5.88 billion to $5.39 billion — a little better than the analysts’ prediction of $5.3 billion.